Ethereum co-founder, Vitalik Buterin, has recently gained significant attention by selling meme coins in a huge amount. As per Lookonchain, Vitalik Buterin netted $908.77 $ETH (nearly $2.24M) by converting the meme tokens into 651.67 $ETH (up to $1.61M) in just one hour and then accumulating 908.77 $ETH from their sale over 12 hours.
vitalik.eth(@VitalikButerin) sold some memecoins for 651.67 $ETH($1.61M) again 1 hour ago!In the past 12 hours, #vitalik got a total of 908.77 $ETH($2.24M) by selling memecoins received for free.Sold 10B $MOODENG for 395.96 $ETH($976K).Sold 200K $MSTR for 93.23 $ETH($231K).… pic.twitter.com/fE1NTyu9k9
— Lookonchain (@lookonchain) October 13, 2024
Ethereum Co-Founder Offloads $2.24M in Different Meme Tokens in a Series of Transfers
Lookonchain mentioned that the Buterin offloaded multiple meme coins equaling a staggering $2.24M in a series of transfers. The respective transaction series took into account 10B $MOODENG tokens for 395.96 $ETH. This amount accounts for $976,000. In addition to this, he also sold 200,000 $MSTR tokens for 93.23 $ETH. This figure equaled $231,000. Moreover, 500M $EBULL were sold for up to 73.79 $ETH, accounting for $182,000.
The list of transactions moves on to include 15M $POPCAT. The respective sale accounted for 27.11 $ETH, equaling $67,000 in total. Apart from that, Buterin also offloaded 20B $MILO tokens for an amount of 20.75 $ETH. This token sale took place in return for $51,000. Additionally, 11.06T $FWOG tokens were traded for 14 $ETH coins. This sale accounted for $35,000.
Another meme token “$TCATI” was also a part of the sale. Butterin sold 500,000 $TCATI tokens for 12.81 $ETH, accounting for $32,000. Subsequently, he again traded 20,35T $FWOG for 8.53 $ETH, equaling $21,000. Furthermore, he also traded 202M $VITALIK coins for 5.49 $ETH tokens, accounting for $14,000.
Vitalik Buterin Keeps Offloading Meme Coins Received from Developers as Gifts
Vitalik Buterin has been getting significant amounts in terms of meme coins that often came to him as gifts from creators. They were sending these meme tokens to leverage the fame of the Ethereum co-founder to boost the visibility of their tokens. Hence, these token transfers were included in their promotional efforts. Nonetheless, Buterin has been consistently offloading the respective tokens with their rapid conversion into $ETH.
This is not the first instance where Buterin has carried out such sales. Back in 2021, he sold off Shiba Inu ($SHIB) in an enormous amount. The developers had sent these tokens to Buterin as a part of the initial marketing plan. Later on, he donated a section of the respective tokens for charitable causes such as COVID-19 relief projects in India.
