V神's Versailles Operation — The Ecological Ambition Behind the $18 Million Token Sale

Recently, the Ethereum community has once again drawn attention. Vitalik’s intense selling of ETH may seem shocking, but it actually reveals a carefully planned Versailles strategy. According to on-chain data, Vitalik recently sold a single batch of 1,869 ETH, and since February this year, he has sold nearly 9,000 ETH in total, totaling about $18 million, which has stirred the market. However, behind this move lies deeper strategic considerations beyond the surface.

On-Chain Data Reveals: The Truth Behind the Heavy Selling

The community’s first reaction is often panic—Ethereum’s founder is selling tokens, signaling a potential top-out? But a closer look at the data shows a different picture. Every transaction by Vitalik is traceable; it’s not reckless selling but a planned asset reallocation. This seemingly aggressive move reflects the founder’s rational approach to his financial planning.

Fund Flows: Versailles Strategy from ETH to GHO and USDC

More noteworthy is that these ETH are not flowing into personal wallets or traditional assets but are exchanged for GHO and USDC. This choice itself reveals information—Vitalik is investing funds into open-source infrastructure and ZK-EVM technology development within the Ethereum ecosystem. GHO, as MakerDAO’s native stablecoin, and USDC, a widely accepted on-chain dollar, both point to a clear goal: providing funding for Ethereum’s ambitious roadmap toward 2026.

The essence of this Versailles move is that Vitalik is selling tokens to acquire stable assets, which are then invested into ecosystem development. His selling is actually a “blood transfusion” for Ethereum’s upgrade, elevating the overall strategic vision.

Stable Holdings: Long-term Faith of Ecosystem Supporters

Although the selling has caused market fluctuations, data also shows that Vitalik still holds 220,000 ETH, remaining rock-solid. Compared to the total circulating supply, this holding is enough to influence market expectations. More importantly, it signifies the founder’s confidence in the ecosystem’s future. True ecosystem builders are not swayed by short-term volatility; instead, they continue to support long-term goals within market mechanisms.

This Versailles strategy may well be the prelude to Ethereum’s next evolutionary phase.

Currently, ETH is priced at $1.92K. Market opinions vary—some see it as a sign of a top-out, while many others see this as a preparatory stage before ecosystem takeoff. What’s your view?