Vitalik Buterin converted $1.6 million worth of memecoins into Ether, which he previously promised to donate to charity.
Over the past ten days, he has donated $884,000 to various charitable organizations as memecoin enthusiasts continue to send tokens to his wallet.
Memecoin sales
Buterin’s recent sales included $982,800 worth of Moo Deng, $231,000 of Monsterra, and $183,000 of ETHEREUM IS GOOD.
He also sold smaller amounts of Popcat, Fwog, and vitalek buteren.
In total, he has converted $2.78 million in memecoins into Ether and donated a huge portion to charity in just nine days.
Buterin has expressed gratitude to memecoin creators for sending him free tokens for donation but suggested that they might want to consider donating directly instead.
Funny tokens, serious donations
Buterin announced on social media that he would donate all 10 billion Moo Deng memecoin he received to an organization focused on technology that combats airborne diseases.
Earlier this year, on August 15, he donated all animal-themed memecoins he had received over the previous year to the Effective Altruism Funds’ Animal Welfare Fund.
Personal airdrops
Buterin still holds a crypto portfolio valued at around $700 million, which includes $2.4 million in MOODENG tokens, $144,000 in Neiro, $117,000 in MSTR, and $80,000 in Degen.
He believes that memecoins can have a positive impact by funding essential public projects or helping people in lower-income countries earn a living.
While he supports the potential benefits of memecoins, Buterin also criticized celebrity-themed coins that seem designed only to enrich celebrities and early investors.
Economists Tyler Cowen and Alex Tabarrok mentioned Buterin as a candidate for the Nobel Prize in Economic Sciences for 2024.
Cowen noted that Buterin has created a platform and currency while making big contributions to economic theory and Ethereum’s development.
