Vitalik Buterin sells $1.6 million in donated memecoins and sends profit to charity

-

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.

X

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.

Have you read it yet? New highs for Bitcoin, but only if these conditions are met

LATEST POSTS

SEC hits the snooze button on Truth Social Bitcoin ETF

The U.S. Securities and Exchange Commission just shoved back its verdict on the Truth Social spot Bitcoin and Ethereum ETF. This little regulatory cliffhanger, draped...

DBS, Franklin Templeton, Ripple unveil tokenized lending on the XRP Ledger (XRPL)

DBS, Franklin Templeton, and Ripple signed a memorandum of understanding to deliver tokenized trading and tokenized lending for institutional investors. The plan runs on the...

House eyes CBDC ban in Market Structure Bill for the U.S.

The U.S. House of Representatives is cooking up a clever sidestep to block the Federal Reserve from launching a central bank digital currency, a CBDC,...

ARK Invest’s Fresh Bullish Buy Pushes Stake to $129M

ARK Invest bought 161,183 Bullish (BLSH) shares on Tuesday for about $8.21M across ARKK and ARKW. The firm’s combined Bullish holdings across ARKK, ARKW, and ARKF...

Most Popular

Guest posts