According to on-chain data monitoring, by February 26, Vitalik's project fund address starting with '0xfeb' had fully sold out its ETH holdings. A total of 19,268 ETH were sold, valued at approximately $38.77 million at an average price of $2,012 per ETH—surpassing the previously disclosed target of 16,384 ETH.
Insights on Fund Allocation
The proceeds from the sale have been converted into multiple Ethereum-based stablecoins, including USDtb, GHO, EURC, PYUSD, and LUSD, signaling a strategic move to support the DeFi ecosystem.
- Total ETH Sold: 19,268
- Total Value: ~$38.77 million
- Average Price: $2,012 per ETH
Background Context
Towards the end of January, Vitalik hinted at taking personal responsibility for initiatives previously managed by the Ethereum Foundation. He planned to sell 16,384 ETH to fund the development of an open-source, secure, and verifiable software-hardware stack aimed at safeguarding both digital and physical environments.