Ether plunges to $1,768 as funding rate turns negative, nearly $2B liquidated — Trend Research moves ~203,000 ETH to Binance amid mass selloffs

first published 2026-02-06T14:09:00Z

On-chain data shows major Ethereum holders, funds and insiders are selling as ETH trades near $2,000. Aave founder Stani Kulechov sold 4,503 ETH (~$8.36M). Trend Research moved large balances to exchanges (including a 20,000 ETH transfer) and reportedly transferred 203,000 ETH (~$457M) to Binance overall; it also holds ~416,149 ETH on Aave and faces large debt and estimated losses. Wallets linked to Konstantin Lomashuk moved 12,458 stETH and 2,566 ETH to Wintermute and he was reportedly liquidated after a failed long (loss >$4M). Reports say Vitalik Buterin has been selling, contributing to a broad unwind of leveraged positions and whale exits that could pressure ETH’s near-term trajectory.

AI Analysis

Multiple on-chain transfers of large ETH balances to exchanges (Trend Research: 20,000 ETH in one transfer and ~203,000 ETH to Binance), verified founder sale (Stani Kulechov: 4,503 ETH), reported liquidations (Konstantin Lomashuk wallets moved 12,458 stETH and 2,566 ETH to Wintermute and were reportedly liquidated, loss >$4M), and reports of Vitalik Buterin selling together indicate an on-chain-driven unwind that can increase sell pressure on ETH.

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