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).
Vitalik Buterin (@VitalikButerin) sold 8 more #memecoins for 651.6 $ETH ($1.62M) in the past hour!
— Spot On Chain (@spotonchain) October 13, 2024
They include:
• 10B #MOODENG ($982K) for 395.95 $ETH
• 200K $MSTR ($231K) for 93.23 $ETH
• 500M $EBULL ($183K) for 73.79 $ETH
• 15M $POPCAT ($67.2K) for 27.11 $ETH
• 31.4T… https://t.co/tuRpJiuDYP pic.twitter.com/Wtdy3gPYWU
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.
I appreciate all the memecoins that donate portions of their supply directly to charity.
— vitalik.eth (@VitalikButerin) October 7, 2024
(eg. I saw ebull sent a bunch to various groups last month)
Anything that gets sent to me gets donated to charity too (thanks moodeng! The 10B from today is going to anti-airborne-disease…
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.
NEWS: @VitalikButerin converts $1.6M worth of memecoins into Ether for charity, bringing his total memecoin donations to $884K in the last 9 days.
— CoinGecko (@coingecko) October 14, 2024
📰: https://t.co/iJVTndtwvR pic.twitter.com/Vv0XccR9iz
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.