Vitalik sold unsolicited meme coins, earning 22.89 ETH, $76,500.
He donated 320 ETH ($1.07M) to Coin Center advocacy.
Ethereum co-founder Vitalik Buterin has once again demonstrated his commitment to advancing the cryptocurrency ecosystem. On November 27, blockchain analytics firm Lookonchain reported that Buterin sold several memecoins sent to his wallet, receiving 22.89 ETH in return, valued at approximately $76,500. According to Arkham Intelligence, these tokens were transferred to his wallet unsolicited and at no cost.
vitalik.eth(@VitalikButerin) sold some #memecoins received for free again and got 22.89 $ETH($76.5K)!He then donated 320 $ETH($1.07M) to #CoinCenter.https://t.co/pMvkZHjIyD pic.twitter.com/mIcCwtHXEa
— Lookonchain (@lookonchain) November 27, 2024
Buterin has been vocal about discouraging the practice of sending tokens to prominent wallets, likening it to spam. He has urged creators of memecoins to instead direct their funds to meaningful causes. His recent actions align with this ethos. Following the sale of the meme tokens, Buterin donated 320 ETH—approximately $1.07 million—to Coin Center, a Washington D.C.-based non-profit advocating for cryptocurrency policy and regulatory clarity.
Meanwhile, Coin Center is a leading voice in defending the rights of individuals to use open blockchain networks like Ethereum and Bitcoin. Its work includes producing in-depth policy research, educating lawmakers, and advocating for balanced regulations. The organization also engages in litigation to protect civil liberties in the digital age. Vitalik’s substantial contribution is expected to bolster its efforts in promoting innovation and safeguarding decentralized technology.
CZ and Vitalik On Fostering Blockchain Innovation
This isn’t the first time Vitalik has highlighted his ethical stance in the crypto space. His actions mirror those of Binance CEO Changpeng Zhao, who has also discouraged the unsolicited sending of tokens to high-profile wallets.
Buterin also recently acquired ANON tokens from Anoncast, showcasing his engagement with the blockchain ecosystem’s evolving tools and platforms.
Meanwhile, ETH is trading at $3,411.51, experiencing a slight surge of 0.85% over the past 24 hours, with a daily range of $3,255 to $3,443. Its market cap stands at $411 billion, with $40 billion in trading volume in the last day, declining 27%.
