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The ETH sell-off within Vitalik's "Project Budget" address was completed after 23 days
On February 26, according to on-chain data analyst Yu Jin’s monitoring, after 23 days, all ETH in Vitalik’s “0xfeb” project budget address has been fully sold off, totaling 19,268 ETH (approximately $38.77 million), with an average sale price of $2,012 per ETH, exceeding the previously stated 16,384 ETH. These ETH were converted into multiple stablecoins within the Ethereum DeFi ecosystem, including USDt, GHO, EURC, PYUSD, LUSD, and others. Previously, at the end of January, Vitalik stated that the Ethereum Foundation was entering a period of gentle contraction, and his personal contraction plan was to personally take on responsibilities that might belong to the Foundation’s “special program” during another period. The sale of 16,384 ETH funds is dedicated to building an open-source, secure, and verifiable full-stack hardware and software system to protect personal life and the public environment.