Ethereum co-founder Vitalik Buterin has once again caught the attention of the crypto community with his latest on-chain moves. According to recent data, Buterin sold some memecoins, traded them for ETH, and earned a total of $633,000 in the process.
Memecoin Buterin sold
In the past few hours, Buterin has sold six different memecoins, raising a significant amount of ETH. Here is a breakdown of the tokens he sold:
MSTR worth $281,000
POPCAT worth $185,000
ITO worth $90,000
$37,800 worth of ETH6900
SATO worth $27,900
Milo is worth $11,700.
The recent sell-off has sparked speculation that Buterin may once again be preparing to donate the proceeds to charity, as he has done in the past.
Previous Donations and Memecoin History
It's important to note that Vitalik Buterin did not purchase these memecoins himself. They were sent to him by developers hoping to boost their coins' visibility. Buterin has a history of dumping such tokens, often donating the proceeds to charity. In one notable example, he donated over $1 billion in SHIB to a hospital in India, sparking controversy in the process. Buterin has not sold off on such a large scale since then.
Any plans to make any charitable contributions?
Given Buterin’s previous actions, there is speculation that he may use this windfall for charitable purposes. He is known to support various charitable causes and this batch of ETH could be redirected to similar initiatives.
Buterin's recent moves have reignited discussions in the cryptocurrency community, especially among memecoin holders. His involvement, whether through sales or donations, often has a ripple effect on the market.
It is important for investors to know that these tokens were unsolicited and sent to Buterin by the developers, so his actions should not be taken as an endorsement of these coins, according to a report by Turkish NY Radio.
