Vitalik Buterin recently has been selling Ethereum (ETH), but this is not a bearish signal; rather, it is to fund ecosystem development. This "selling coins to build infrastructure" behavior usually causes short-term pressure on prices but is beneficial in the long run.

📉 Short-term impact: Market pressure

Selling facts: As of February 23, Vitalik has been selling ETH in batches using a TWAP (Time-Weighted Average Price) strategy, totaling approximately $17.53 million, with more than half of the plan already executed.

Price response: Although Vitalik holds a large amount (about 240,000 ETH), the market has anticipated such "transparent selling," and since he is selling in batches, it has not triggered panic selling, only causing short-term price pressure.

🚀 Long-term impact: Ecosystem benefits

Funds allocation: The proceeds from sales are mainly used to support Ethereum's "full-stack" development, including shard expansion, zero-knowledge proofs (zk-SNARKs), and other key technological upgrades.

Logical support: Vitalik selling coins is to "spend money on technology," which can improve Ethereum network performance and competitiveness. It is a "selling coins for the future" strategy, which is beneficial in the long run.

💡 Operational suggestions

Don't panic: Don't blindly follow the trend and sell just because Vitalik is selling coins; this is normal ecosystem development behavior.

Focus on technology: Keep an eye on Ethereum's subsequent technological upgrades (such as Danksharding), as these are key to determining ETH's long-term value.

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