V God is overbought! A total of 17,196 ETH have been sold off, exceeding the planned amount.

According to Lookonchain monitoring, Ethereum founder Vitalik Buterin has been continuously selling ETH in batches through CoW Protocol. He has sold a total of 17,196 ETH (approximately $34.96 million), exceeding his original plan announced at the end of January to sell 16,384 ETH.
(Background: Vitalik sold an additional 428 ETH this month, cashing out $15.5 million: founder’s charity vs. holder confidence)
(Additional context: When 90% of DAO members do not vote, Vitalik’s solution is to give each person an AI assistant)

Since early February, Ethereum co-founder Vitalik Buterin has been steadily selling his ETH holdings. According to the latest on-chain data from tracking platform Lookonchain, his total sales have reached 17,196 ETH (about $34.96 million), officially surpassing his initial plan to sell 16,384 ETH announced on January 30.

February Selling Timeline

Review of Vitalik’s entire February selling history:

• January 30: Vitalik announced withdrawing 16,384 ETH (worth about $45 million at the time) from his personal wallet to fund the development of “open-source, secure, and verifiable full-stack hardware and software” projects. The funds will be deployed gradually over the next few years across finance, communications, governance, operating systems, security hardware, and biotech sectors.
• Starting February 2: Began selling in batches via decentralized exchange aggregator CoW Protocol, converting ETH to WETH, then gradually exchanging for GHO stablecoin, about 70 ETH per transaction to avoid market shocks.
• Early February: First large batch sale of about 6,958 ETH (roughly $14.78 million), during which ETH price dropped from $2,360 to $1,825, a decline of 22.7%.
• February 21-23: Accelerated sales, selling about 3,765 ETH (around $7.08 million) in 2.5 days, with ETH dropping from $1,988 to $1,875. Notably, on February 22, he withdrew 3,500 ETH from Aave.
• February 25: Sold another 675.88 ETH (about $1.25 million), bringing total sales for the month to over 17,000 ETH.

By February 26, the total sold reached 17,196 ETH, officially surpassing the original plan of 16,384 ETH, exceeding it by about 812 ETH (roughly $1.56 million).

ETH Price Plummets 37% During the Same Period, Community Questions Arise

It’s noteworthy that Vitalik’s intensive selling coincided with a sharp decline in ETH’s price. Over the past month, ETH has plummeted approximately 37%, from the $2,800 range at the start of the month to around $1,900. Although Vitalik has repeatedly emphasized that his ETH sales are not for personal profit but to fund public welfare projects and ecosystem research, the timing of his continuous selling during a price downturn has sparked widespread discussion within the community.

Vitalik’s wallet holdings have decreased from about 241,000 ETH at the start of the month to approximately 224,000 ETH (still a large amount). Meanwhile, the Ethereum Foundation announced the creation of a new DeFi team, “DeFipunk,” on February 23, aiming to re-establish Ethereum’s strong presence in the DeFi space.