Ethereum co-founder Vitalik Buterin has once again demonstrated that blockchain is not only a technological revolution but also a powerful tool for promoting public welfare. According to data tracked by Arkham Research, Vitalik Buterin has recently liquidated numerous meme coins airdropped to his public wallet. As of now, he has sold dozens of tokens, including well-known coins like DOG, SHIB, CULT, as well as lesser-known tokens themed around celebrities like Elon Musk, totaling about $2.5 million in USDC and Ethereum.
Project teams 'send tokens for hype,' but Vitalik Buterin uses charity to 'resolve absurdity.'
In recent years, many meme coin projects have sent a portion of tokens for free to Vitalik Buterin in the early stages of their launch, claiming it is out of admiration for the Ethereum ecosystem. However, this has actually evolved into a common marketing tactic used by project teams, originally pioneered by Shiba Inu (SHIB).
However, Vitalik Buterin usually sells all these 'unsolicited' tokens and then donates the proceeds to charity. He has also repeatedly urged project teams not to send tokens to him arbitrarily; instead of transferring them to his address, it would be better to donate the tokens directly to charity.
As early as 2021, Vitalik Buterin sold over $60 million worth of SHIB and other meme coins in one go, donating all the proceeds to longevity research, the Artificial Intelligence Alliance, and pandemic-related research institutions. This not only caused a stir in the market but also made Vitalik Buterin a model of public welfare in the cryptocurrency space.
Vitalik Buterin's wallet holds assets worth nearly $900 million.
According to on-chain data, the estimated value of assets held in Vitalik Buterin's public wallet (vitalik.eth) is nearly $900 million, holding hundreds of different tokens, most of which were gifted to him, and many tokens are now virtually worthless.
However, Vitalik Buterin's primary asset remains Ethereum, with a holding of 240,095 tokens worth approximately $873 million. In addition, he also holds millions of dollars in Aave derivative token AETH, 1 billion WhiteRock platform token WHITE, and nearly $100 million in WETH.
However, this wealth has not caused Vitalik Buterin to stop pushing for public welfare. Yesterday (6th), he successively transferred various meme coins to trading platforms, including CoW Swap, Uniswap, and Kyber Network, and even used the cross-chain DEX aggregator Odos.
Due to the low trading volume of some tokens, it is still unclear whether Vitalik Buterin's large-scale sell-off has affected the token prices. However, it is certain that after he sold several trillion Dobermann (DOBE) tokens, the value of that token actually increased, becoming a notable market anecdote.
On-chain data shows that the main reason Vitalik Buterin sold off meme coins this time was to provide funding support for his charitable fund, Kanro.
Kanro was initially established in response to the COVID-19 pandemic and has since expanded into more areas of public welfare. Additionally, he recently donated to the privacy-focused charity organization RiseUp, demonstrating his continued commitment to philanthropic efforts.
"Ethereum founder Buterin sells off meme coins! Millions of dollars go to charity," this article was first published on (Blockke).
