Major Transaction for Charitable Causes:
Ethereum co-founder Vitalik Buterin has converted $1.6 million worth of meme coins into Ether (ETH) to fund various charitable initiatives.
Breakdown of Recent Sales:
Blockchain analytics firm Spot On Chain reported that Buterin sold:
$982,800 of Moo Deng (MOODENG)
$231,000 of Monsterra (MSTR)
$183,000 of Ethereum Is Good (EBULL)
Smaller meme coins, including Popcat (POPCAT), Fwog (FWOG), and Vitalek Buteren (VITALIK), were also offloaded.
Ongoing Commitment to Giving:
With this sale, Buterinâs total meme coin sales reach $2.78 million, of which $884,000 has already been donated over the last nine days.
Known for his generosity, Buterin encourages meme coin issuers to donate directly to meaningful causes rather than sending him tokens.
Previous Donations Reflect Purpose-Driven Philanthropy:
On October 7, Buterin donated 10 billion meme coin tokens to a project developing anti-airborne disease technology.
In August, he directed various animal-themed meme coins to the Effective Altruism Fundsâ Animal Welfare Fund.
Future Donations Likely:
Buterinâs portfolio still holds $2.4 million worth of MOODENG and smaller amounts of other meme coins, such as Neiro (NEIRO), Monsterra (MSTR), and Degen (DEGEN), signaling that additional charitable contributions may follow.
Balancing Social Impact with Critique:
While Buterin believes meme coins can serve positive social causes, he has openly criticized celebrity-themed tokens that primarily benefit celebrities and early investors.
Vitalik Buterinâs latest actions highlight his commitment to using crypto wealth for charitable impact, reinforcing the idea that even lighthearted assets like meme coins can play a meaningful role in philanthropy.
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