Vitalik Buterin liquidated all of his Ethereum ($ETH) assets in his wallet, known as the “project budget,” after a process that lasted approximately three weeks.
According to data shared by on-chain data analyst Yu Jin, a total of 19,268 $ETH held at the address starting with “0xfeb” was sold. The total value of the sales was approximately $38.77 million, with an average selling price of $2,012. This amount exceeded the previously announced planned sale of 16,384 $ETH.
The sales process spanned a 23-day period, and the acquired $ETH was converted into various stablecoins within the Ethereum ecosystem. These included decentralized finance (DeFi) focused assets such as USDtb, GHO, EURC, PYUSD, and LUSD.
Buterin announced at the end of January that the Ethereum Foundation was entering a “period of moderate austerity.” As part of his personal austerity plan, he stated that he would directly assume some responsibilities that would normally be undertaken by a “special project” within the foundation. He explained that the proceeds from the sale of 16,384 $ETH would be used to build an open-source, secure, and verifiable full-stack hardware and software system.
*This is not investment advice.
