Vitalik Buterin Cuts ETH Holdings by 17K after $45M Privacy Pledge
Vitalik Buterin reduced his ETH holdings by about 17,000 tokens after pledging $45 million for privacy and open-source initiatives.Summary
Ethereum co-founder Vitalik Buterin has reduced his Ether balance by approximately 17,000 ETH over one month, dropping from about 241,000 ETH to 224,000 ETH. This reduction followed his announcement in January that he earmarked 16,384 ETH, valued at around $45 million, to fund privacy-preserving technologies, open hardware, and secure software systems, which will be deployed gradually.
On-chain data indicates Buterin used the CoW Protocol DEX aggregator for numerous small swaps to minimize market impact during the selling. This period of selling coincided with a significant drop in Ether's price, which lost over 37% of its value in the preceding month.
Buterin stated this personal funding effort aligns with the Ethereum Foundation entering a period of "mild austerity" while maintaining its technical roadmap, emphasizing his focus on building a full open-source software and hardware stack to protect digital and real-world environments.
(Source：Cointelegraph)