Lasting 23 days, the ETH sell-off from Vitalik's "project budget" address is complete

February 26 – On-chain data analytics firm ChainInfo reported Tuesday that after 23 days of monitoring, all ETH from Vitalik Buterin’s project budget address (starting with 0xfeb) has been sold off. A total of 19,268 ETH (roughly $38.77 million) was sold at an average price of $2,012, exceeding the 16,384 ETH he previously announced. The ETH was converted into multiple stablecoins within the Ethereum DeFi ecosystem, including USDtb, GHO, EURC, PYUSD, and LUSD. Back in late January, Vitalik stated the Ethereum Foundation was entering a mild tightening phase. He noted his personal selloff plan would take on responsibility for what might otherwise fall to the foundation’s “special program” at a later date. He intended to sell 16,384 ETH, with funds earmarked for building an open-source, secure, verifiable full-stack software and hardware system to protect personal lives and the public environment.