Vitalik Buterin's ETH Sell-Off Brings New Approach to Crypto Governance

Ethereum founder Vitalik Buterin has completed a 23-day-long 'on-chain live broadcast' of selling Ethereum (ETH) from his personal wallet. During this period, he successfully sold approximately $38.7 million worth of ETH using CoW Protocol, a decentralized trading aggregator.

The sale was not done in a single transaction but rather broken down into smaller amounts over 23 days, demonstrating Vitalik's commitment to minimizing market impact and respecting liquidity. This approach is characteristic of seasoned veterans in the industry.

The funds from the sales will be used for open-source software and hardware development, including projects aimed at protecting personal life and public environment.