Vitalik Buterin donated 320 $ETH to the human rights organization Coin Center
According to SpotOnChain, Buterin first sold four meme coins: 330 billion LEDOG for 10.96 ETH, 3.03 trillion DOGC for 10.8 ETH, 19.95 million #99 for 1.58 ETH, and 300 million VITALIK for 1.14 ETH. The total amount raised was 24.5 coins worth $81,800. After selling the meme coins, Buterin donated 320 ETH to Coin Center worth $1.07 million.
Buterin's actions sparked heated discussions among crypto enthusiasts. Some fear that Coin Center may sell the received coins to fund its initiatives, thereby putting pressure on the market. Others believe that this will, on the contrary, draw attention to Ethereum, creating a surge in trading activity.
Buterin's donation did not negatively impact the ETH rate. On the contrary, investors remain optimistic as the coin surpassed the $3,600 mark. The current market capitalization of Ethereum is $434.7 billion.
According to IntoTheBlock, there was a large influx of funds into spot exchange-traded funds (ETFs) on Ethereum in November. Large holders of cryptocurrency began to buy more coins in anticipation of market growth. Open interest (OI) in Ethereum has also increased over the past week.
