Vitalik Buterin Dumps $1.6M in Memecoins for Charity Causes

Last Updated on December 19, 2024

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Key Takeaways:

  • Vitalik Buterin sold $1.6M in memecoins, converting them to Ether (ETH), part of a previously pledged donation to charity.
  • In the past nine days, Buterin has sold $2.78M in memecoins, donating $884,000 to various causes.
  • His crypto portfolio still holds $2.4M in memecoins, suggesting further donations may follow soon.

Ethereum co-founder Vitalik Buterin recently sold $1.6 million worth of memecoins, originally pledged for charity, converting them into Ether (ETH).

This includes $982,800 in Moo Deng (MOODENG), $231,000 in Monsterra (MSTR), and $183,000 in Ethereum Is Good (EBULL).

Over the past nine days, Buterin has converted a total of $2.78 million in memecoins into ETH, donating $884,000 to various charities.

He has urged memecoin creators to donate directly to causes rather than sending tokens to him.

Buterin has a history of donating memecoins, including contributions to the Effective Altruism Funds’ Animal Welfare Fund in August.

His portfolio still holds $2.4 million in MOODENG and other memecoins.

Buterin believes memecoins could support social good but criticizes celebrity-endorsed coins.

Meanwhile, economists Tyler Cowen and Alex Tabarrok recently suggested Buterin as a potential candidate for the 2024 Nobel Prize in Economic Sciences, citing his contributions to blockchain and Ethereum’s transition to proof-of-stake.

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