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>>Vitalik Buterin Offloads an Additional $1.25 Million Worth of ETH to Support Ethereum’s Grand Plans

Vitalik Buterin Offloads an Additional $1.25 Million Worth of ETH to Support Ethereum’s Grand Plans

crypthub

about 4 hours ago

Recent ETH Sale

Vitalik Buterin sold 675.88 ETH, about $1.25 million, via an OTC desk. This is part of a month‑long divestment of roughly 11,422 ETH (~$23 million) he announced on Jan 30. The nine‑hour transaction was spread to avoid market shock.

Strategic Funding Plan

The proceeds fund core Ethereum development, research grants, public‑goods projects and charitable causes. Money is sent to a multi‑signature wallet that distributes grants to client teams, scalability research and services like The Graph. This recycling aims to boost the protocol and increase ETH’s long‑term value.

Market and Governance Impact

ETH’s price showed little volatility as the sale size is small versus daily volume and was executed off‑exchange. Transparent founder sales set a precedent that may motivate other large holders to fund open‑source work. Gradual wealth distribution also supports a more decentralized governance model.

Vitalik Buterin Offloads an Additional $1.25 Million Worth of ETH to Support Ethereum’s Grand Plans

Recent ETH Sale

Strategic Funding Plan

Market and Governance Impact

Vitalik Buterin Offloads an Additional $1.25 Million Worth of ETH to Support Ethereum’s Grand Plans