Ethereum founder V神 has recently been accelerating the sale of ETH, but this is not a panic sell-off; rather, it is part of his publicly disclosed long-term funding plan. According to on-chain data, V神 has sold over 11,000 ETH since February 2nd, cashing out approximately $22.78 million. He has been selling small amounts in batches through compliant platforms to minimize market impact. The proceeds will be used to fund Ethereum ecosystem development, open-source software, and biomedical research. He still holds a large amount of ETH, and this move is more a sense of responsibility as a founder for ecosystem development rather than a bearish signal.
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Ethereum founder V神 has recently been accelerating the sale of ETH, but this is not a panic sell-off; rather, it is part of his publicly disclosed long-term funding plan. According to on-chain data, V神 has sold over 11,000 ETH since February 2nd, cashing out approximately $22.78 million. He has been selling small amounts in batches through compliant platforms to minimize market impact. The proceeds will be used to fund Ethereum ecosystem development, open-source software, and biomedical research. He still holds a large amount of ETH, and this move is more a sense of responsibility as a founder for ecosystem development rather than a bearish signal.