Vitalik Offloads 29500 KNC Tokens: Latest Asset Liquidation Move Tracked by Lookonchain

2026-02-16 13:06:59

Abstract generation in progress

Recent on-chain monitoring data from Lookonchain reveals that Ethereum co-founder Vitalik Buterin has liquidated a significant portion of his holdings, converting approximately 29,500 KNC tokens and 30.5 million STRAYDOG tokens into 15,916 USDC.

Transaction Details: KNC and STRAYDOG Disposal

The transaction captured by Lookonchain’s monitoring system shows a deliberate asset reallocation by Vitalik. The 29,500 KNC tokens, coupled with the substantial 30.5 million STRAYDOG meme tokens, were consolidated into a stablecoin position—specifically USDC, which serves as a more stable value reservoir.

Understanding the Traded Assets

KNC (Kyber Network Token): At current market rates (as of February 2026), KNC trades at approximately $0.14 per token. This means the 29,500 KNC disposed represented roughly $4,130 in value at current pricing.

STRAYDOG: A community-driven meme token that continues to maintain active participation despite its speculative nature.

USDC Conversion: The 15,916 USDC received represents the net proceeds from the dual token liquidation, providing Vitalik with a more stable dollar-pegged position in his portfolio.

Why Track Whale Movements?

When major figures like Vitalik execute significant token sales, it often signals strategic portfolio adjustments. Whether driven by rebalancing, taking profits, or tactical positioning, such transactions are closely monitored by on-chain analysts as potential market sentiment indicators. The Lookonchain report ensures transparency in tracking these movements across the blockchain ecosystem.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.