According to the latest data from blockchain monitoring platform OnchainLens, Ethereum co-founder Vitalik Buterin has sold 1,441 ETH in the past 48 hours, valued at approximately $3.3 million.
Earlier, Vitalik transferred 16,384 ETH from his personal wallet to a multi-signature address five days ago, which has been widely interpreted as part of a strategic reallocation. Starting yesterday, these funds began being gradually converted into fiat currency, aligning closely with his previously announced 'multi-year donation initiative.'
Vision for Open-Source Technology Support
Vitalik publicly stated a month ago that he would launch a multi-year donation plan aimed at funding the development of verifiable, secure, and open-source software and hardware systems. The plan focuses not only on blockchain infrastructure but also on privacy protection, decentralized storage, and zero-knowledge proof technologies.
- Encouraging continuous innovation in open-source projects
- Promoting R&D in security and privacy technology
- Building a decentralized ecosystem
This recent movement of funds is believed to be part of that initiative, demonstrating Vitalik’s strong commitment to the sustainable development of blockchain technology.