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Vitalik Buterin Divests $300,000 in Meme Coins, Supports Tornado Cash
Ethereum co-founder Vitalik Buterin sold over $300,000 worth of meme coins and USDT for ETH.
Buterin also donated approximately $242,000 to a campaign supporting Tornado Cash developers.The Ethereum co-founder has previously expressed disapproval for receiving unsolicited meme tokens.
Vitalik Buterinâs associated Ethereum wallet conducted a large transaction today, divesting a range of meme coins and Tetherâs USDT for ETH.
Blockchain data reveals that developers sent these unsolicited meme tokens to Buterinâs wallet throughout the past year.
Why Did Buterin Offload Over $300,000 in Meme Coins?
On October 5, Buterin sold four different tokens, netting 140.67 ETH, worth approximately $341,000. Blockchain analysis platform Lookonchain reported that Buterin sold 11.76 billion Moodeng tokens for 21 ETH (around $51,000) and 70.72 million Neiro for $72,400.
The other assets he sold included 7.8 million Degen for 25 ETH (around $61,000) and 16 billion Kabosu tokens for 22.94 ETH (approximately $56,000). Additionally, Buterin converted his entire USDT balance of 101,000 USDT into 41.69 ETH.
After these sales, another crypto analytical platform, SpotOnChain, noted that Buterin sent 100 ETH (approximately $242,000) to the âFree Alexey & Romanâ campaign. This initiative supports the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm.
It is unclear if the donated funds came from his recent token sales or from other sources. Nevertheless, the move aligns with Buterinâs ongoing practice of converting meme coin holdings into charitable contributions.
Earlier this year, he sold a vast amount of animal meme tokens that were sent to him and donated $532,000 worth of ETH to the Animal Welfare Fund under the Effective Altruism initiative.
Interestingly, one of the tokens the Ethereum co-founder sold recently requested that he donate the proceeds to the same cause.
âHey, Vitalik Buterin â can we ask you for a favor? We know what you did for NEIRO when you sold. Now that you sold your ITO, could you make the same donation to the Animal Welfare Fund on behalf of ITO?,â ITO wrote on X.
Meanwhile, the Ethereum co-founder has publicly stated his disapproval of receiving unsolicited tokens. While he appreciates contributing to charitable causes, he prefers that meme coin creators allocate tokens directly to charities.
Buterin also addressed this issue in a blog post, encouraging the crypto community to design meme coins with practical uses, such as charity fundraising, rather than as speculative assets.
#meme #TornadoCash
Buterin also donated approximately $242,000 to a campaign supporting Tornado Cash developers.The Ethereum co-founder has previously expressed disapproval for receiving unsolicited meme tokens.
Vitalik Buterinâs associated Ethereum wallet conducted a large transaction today, divesting a range of meme coins and Tetherâs USDT for ETH.
Blockchain data reveals that developers sent these unsolicited meme tokens to Buterinâs wallet throughout the past year.
Why Did Buterin Offload Over $300,000 in Meme Coins?
On October 5, Buterin sold four different tokens, netting 140.67 ETH, worth approximately $341,000. Blockchain analysis platform Lookonchain reported that Buterin sold 11.76 billion Moodeng tokens for 21 ETH (around $51,000) and 70.72 million Neiro for $72,400.
The other assets he sold included 7.8 million Degen for 25 ETH (around $61,000) and 16 billion Kabosu tokens for 22.94 ETH (approximately $56,000). Additionally, Buterin converted his entire USDT balance of 101,000 USDT into 41.69 ETH.
After these sales, another crypto analytical platform, SpotOnChain, noted that Buterin sent 100 ETH (approximately $242,000) to the âFree Alexey & Romanâ campaign. This initiative supports the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm.
It is unclear if the donated funds came from his recent token sales or from other sources. Nevertheless, the move aligns with Buterinâs ongoing practice of converting meme coin holdings into charitable contributions.
Earlier this year, he sold a vast amount of animal meme tokens that were sent to him and donated $532,000 worth of ETH to the Animal Welfare Fund under the Effective Altruism initiative.
Interestingly, one of the tokens the Ethereum co-founder sold recently requested that he donate the proceeds to the same cause.
âHey, Vitalik Buterin â can we ask you for a favor? We know what you did for NEIRO when you sold. Now that you sold your ITO, could you make the same donation to the Animal Welfare Fund on behalf of ITO?,â ITO wrote on X.
Meanwhile, the Ethereum co-founder has publicly stated his disapproval of receiving unsolicited tokens. While he appreciates contributing to charitable causes, he prefers that meme coin creators allocate tokens directly to charities.
Buterin also addressed this issue in a blog post, encouraging the crypto community to design meme coins with practical uses, such as charity fundraising, rather than as speculative assets.
#meme #TornadoCash
#MyFirstSquarePost
Promoting a community projects is a great mental test we go thought @esteecoin on the daily bases from other kols is vital for our unity I never knew the true meaning of a COMMUNITY I thought it was just a member of group that share one common goal but since I entered this community it gave me a test of strength a test of unity I was missing a feeling I never felt in space for a while a sense of belonging 100% Yes we hope for better future â€ïžđ I believe truly we can make it as one unite together without any influencers without any paid KOLS Yes I would love to see these day in and out night / day working tithe as a UNIT to make content and promote awareness even when tough times comes & the price dips the unity is beyond belief #ESTEE #mememcoinseason2024 #meme #CryptoNewss
Promoting a community projects is a great mental test we go thought @esteecoin on the daily bases from other kols is vital for our unity I never knew the true meaning of a COMMUNITY I thought it was just a member of group that share one common goal but since I entered this community it gave me a test of strength a test of unity I was missing a feeling I never felt in space for a while a sense of belonging 100% Yes we hope for better future â€ïžđ I believe truly we can make it as one unite together without any influencers without any paid KOLS Yes I would love to see these day in and out night / day working tithe as a UNIT to make content and promote awareness even when tough times comes & the price dips the unity is beyond belief #ESTEE #mememcoinseason2024 #meme #CryptoNewss
$PEPE : Is Now the Time to Hop On?
đ„The crypto market is buzzing with whispers of a bull run, and October is often seen as the starting line. For those new to crypto or with limited capital, meme coins like PEPE offer an enticing entry point.
đ„But is PEPE really poised for growth? Let's dive in.
đPEPE's Past Performance:
PEPE exploded onto the scene earlier this year, capturing the attention of traders with its meme-inspired branding and impressive price surges. While it has experienced corrections, the coin has demonstrated resilience and a dedicated community.
đWhy PEPE Could Grow: âŹïžâ«đȘ
âšBull Market Momentum:
Historically, October marks the beginning of a bullish trend in crypto. If this pattern holds, PEPE could ride the wave and see significant gains.
âš Strong Community:
PEPE boasts a passionate community that actively promotes the coin and drives engagement. This organic support can contribute to price appreciation.
âš Low Entry Point: With a relatively low price, PEPE is accessible to small investors. Even a $25 investment could potentially yield substantial returns if the coin rallies.
đNow is the Time to Buy: âŹïžđđ„
Experts suggest that the crypto uptrend is already underway. Waiting too long could mean missing out on potential gains. A small investment in PEPE now could pay off handsomely in the coming months.
đDon't Miss Out:
This could be the best advice you find in early October. Don't let this opportunity slip away. A small buy is all it takes to potentially gain from the upcoming bull run.
#pepe #meme #coin #best #top
đš Crypto Token Traps: Navigating the Risks of Speculative Investments đš
Cryptocurrency tokens have surged in popularity, but many experts warn of the dangers lurking behind the hype. While some tokens serve real purposes in decentralized apps or digital assets, countless others are created with little value, turning into potential traps. As crypto expert Andreas M. Antonopoulos puts it, âTokens without a purpose are nothing more than speculation, and speculation without substance is dangerous.â
đž The trap? Slick marketing and influencer promotions often push tokens with no clear utility, enticing investors with the dream of quick profits. But many of these tokens lose value rapidly, leaving unsuspecting buyers in financial loss.
đ Conclusion: Not all tokens are scams, but identifying the ones with real utility is crucial. Investors must research thoroughly and understand the underlying technology and market need before diving in. Remember, with high returns come high risks. As Warren Buffet famously said, "When the tide goes out, you see whoâs been swimming naked"âonly tokens with true value will stand the test of time.
#xemipre #BlumAirdrop #major #Hamister_Combat #meme
đž The trap? Slick marketing and influencer promotions often push tokens with no clear utility, enticing investors with the dream of quick profits. But many of these tokens lose value rapidly, leaving unsuspecting buyers in financial loss.
đ Conclusion: Not all tokens are scams, but identifying the ones with real utility is crucial. Investors must research thoroughly and understand the underlying technology and market need before diving in. Remember, with high returns come high risks. As Warren Buffet famously said, "When the tide goes out, you see whoâs been swimming naked"âonly tokens with true value will stand the test of time.
#xemipre #BlumAirdrop #major #Hamister_Combat #meme
Title: Are Meme Coins the Key to Profiting from Utility Tokens? đ
The current crypto market is dominated by #meme coins, absorbing most of the trading volume. Holders of utility tokens should be patient, as meme coins are driving the action.
A strategy could be to profit from meme coins and reinvest in undervalued utility tokens. Thereâs significant #FOMO with old meme coins being revived, but only quality ones will retain value.
Amidst this, utility tokens like $RSS3, $BANANA , $CELO , and $SOL , suggesting long-term potential for these projects despite the marketâs current meme focus. Caution is advised regarding overhyped, low-quality projects.
What do you think? đ€
If you enjoy my content, feel free to tip me â€ïž
#Binance
#crypto2024
The current crypto market is dominated by #meme coins, absorbing most of the trading volume. Holders of utility tokens should be patient, as meme coins are driving the action.
A strategy could be to profit from meme coins and reinvest in undervalued utility tokens. Thereâs significant #FOMO with old meme coins being revived, but only quality ones will retain value.
Amidst this, utility tokens like $RSS3, $BANANA , $CELO , and $SOL , suggesting long-term potential for these projects despite the marketâs current meme focus. Caution is advised regarding overhyped, low-quality projects.
What do you think? đ€
If you enjoy my content, feel free to tip me â€ïž
#Binance
#crypto2024
Moo Deng is going viral, and itâs been an amazing week for the community! The baby hippo-themed meme token is taking the world by storm. Here's whatâs been happening:
40k followers on XFeatured on @nytimes and @decryptmedia33.6+ million impressions5.5k members on Telegram12.4k $MOODENG holders$48.5M in trading volume over the last 34 hours
With listings on MEXC, HTX, Bitmart, Lbank, XT.com, and more, the team is just getting started. Stay tuned for more Moo Deng-themed music and exciting content as the community continues to grow!
#moodeng #memecoin #meme #crypto
40k followers on XFeatured on @nytimes and @decryptmedia33.6+ million impressions5.5k members on Telegram12.4k $MOODENG holders$48.5M in trading volume over the last 34 hours
With listings on MEXC, HTX, Bitmart, Lbank, XT.com, and more, the team is just getting started. Stay tuned for more Moo Deng-themed music and exciting content as the community continues to grow!
#moodeng #memecoin #meme #crypto
đ„łMarket Rebels: BONK, WIF, POPCAT Post surprising Gainsđ„ł
Meme Cryptos Defy Market Trend: BONK, WIF, POPCAT Lead Gainers
Despite the crypto market's sharp decline, meme cryptocurrencies are bucking the trend. While major players like SHIB and DOGE struggle, lesser-known meme coins are outperforming.
Top Gainers:
1. Bonk (BONK) - up 7.1%
2. Dogwifhat (WIF) - up 7.1%
3. Popcat (POPCAT) - up 2.4%
Notable Performances:
-Dogwifhat (WIF) saw $2.17 million in liquidations from short sellers.
- Popcat (POPCAT) remains the only cat-coin in the top 100.
Market Struggles:
- Bitcoin (BTC) down 3.1%
- Ethereum (ETH) down 2%
- Shiba Inu (SHIB) down 6.4%
- Dogecoin (DOGE) down 5.4%
Other Meme Coins:
- Dogs (DOGS) lost 8.1% of its market cap.
- BabyDogeCoin (BABYDOGE) down 5.1%
The unexpected surge of these meme cryptocurrencies has caught investors' attention, while major players face challenges.
#meme
#Wificoin #Write2Earn!
#dappOstheFutureIntents
Despite the crypto market's sharp decline, meme cryptocurrencies are bucking the trend. While major players like SHIB and DOGE struggle, lesser-known meme coins are outperforming.
Top Gainers:
1. Bonk (BONK) - up 7.1%
2. Dogwifhat (WIF) - up 7.1%
3. Popcat (POPCAT) - up 2.4%
Notable Performances:
-Dogwifhat (WIF) saw $2.17 million in liquidations from short sellers.
- Popcat (POPCAT) remains the only cat-coin in the top 100.
Market Struggles:
- Bitcoin (BTC) down 3.1%
- Ethereum (ETH) down 2%
- Shiba Inu (SHIB) down 6.4%
- Dogecoin (DOGE) down 5.4%
Other Meme Coins:
- Dogs (DOGS) lost 8.1% of its market cap.
- BabyDogeCoin (BABYDOGE) down 5.1%
The unexpected surge of these meme cryptocurrencies has caught investors' attention, while major players face challenges.
#meme
#Wificoin #Write2Earn!
#dappOstheFutureIntents
$PEIPEI has become a powerhouse in the memecoin space, with 40,000 followers amassed in just three months. From hitting a $90M market cap to maintaining consistent growth, $PEIPEI's success is driven by an active and committed community. The focus on fundamentals, social media strategy, and leadership makes $PEIPEI a force to be reckoned with in the crypto space. Keep building and smashing records!
#peipei #doge #pepe #meme
#peipei #doge #pepe #meme
$BTC
Why #Altcoins Aren't Rising in the Current Market
The last time we saw a significant rise in the altcoin market was around one year to six months ago.
Up until that point, altcoins were rising alongside Bitcoin.
However, there hasn't been much movement in altcoins lately.
Itâs not the same as in 2017 or 2020.
I believe the reason for this is that the #trend has shifted from Bitcoin to #meme coins.
In the past, people bought #altcoins by observing Bitcoinâs rise and dominance.
Now, people focus on meme coins through #Telegram and try to get airdrops.
People chase after meme coins because they see potential profit in them, buying in and doing airdrop activities to earn money.
As a result, a lot of capital is tied up in meme coins.
With so much money being funneled into meme coins, many of which donât even have real projects behind them, the altcoin bull run is being delayed.
The era of "meme coins = airdrops" is over.
Anyone can create them now, and the dream of getting rich off them is no longer realistic.
Even if airdrops happen, itâs the early investors who make money.
If youâre investing or participating in airdrops based on rumors now, youâre already late to the game.
I believe meme coins will remain niche, and until a new trend emerges, Bitcoin and altcoins with real projects will be the ones to rise.
If you want to see the chart analysis, please follow me.
Why #Altcoins Aren't Rising in the Current Market
The last time we saw a significant rise in the altcoin market was around one year to six months ago.
Up until that point, altcoins were rising alongside Bitcoin.
However, there hasn't been much movement in altcoins lately.
Itâs not the same as in 2017 or 2020.
I believe the reason for this is that the #trend has shifted from Bitcoin to #meme coins.
In the past, people bought #altcoins by observing Bitcoinâs rise and dominance.
Now, people focus on meme coins through #Telegram and try to get airdrops.
People chase after meme coins because they see potential profit in them, buying in and doing airdrop activities to earn money.
As a result, a lot of capital is tied up in meme coins.
With so much money being funneled into meme coins, many of which donât even have real projects behind them, the altcoin bull run is being delayed.
The era of "meme coins = airdrops" is over.
Anyone can create them now, and the dream of getting rich off them is no longer realistic.
Even if airdrops happen, itâs the early investors who make money.
If youâre investing or participating in airdrops based on rumors now, youâre already late to the game.
I believe meme coins will remain niche, and until a new trend emerges, Bitcoin and altcoins with real projects will be the ones to rise.
If you want to see the chart analysis, please follow me.
đđWANT TO BUY TOP 5 MEMECOINS???đšđš
đIf you want to buy memecoins but don't know which give you huge return don't worry i am here to tell you
đ$WIF wif coin has showed significant reversal with huge pump with in 2 weeks from 1$ to 2.31$ it can reach 3$
click to buy
đ$PEPE pepe coin also showed huge pump rising from crash to 550 and now crossed 1120 always recommend my followers to buy it it can take time but always give you huge return. In case of BTC touching 70k you will see pepe crossing 1300
đ$SHIB shib coin is the biggest meme coins having 11billion+ market cap and it always show 30% + gain in case of BTC pump it just need a bullish market o touch .03000
Click on these coins to buy and hold for October and November because interest rates are reducing which is bullish cz is removed which is bullish us election trump win will be bullish
So hurry up domiss his chance buy and hold
remaining coin will be disscussed in 2nd part
#meme #memecoinđđđ #meme_coin #TrendingBinance
đIf you want to buy memecoins but don't know which give you huge return don't worry i am here to tell you
đ$WIF wif coin has showed significant reversal with huge pump with in 2 weeks from 1$ to 2.31$ it can reach 3$
click to buy
đ$PEPE pepe coin also showed huge pump rising from crash to 550 and now crossed 1120 always recommend my followers to buy it it can take time but always give you huge return. In case of BTC touching 70k you will see pepe crossing 1300
đ$SHIB shib coin is the biggest meme coins having 11billion+ market cap and it always show 30% + gain in case of BTC pump it just need a bullish market o touch .03000
Click on these coins to buy and hold for October and November because interest rates are reducing which is bullish cz is removed which is bullish us election trump win will be bullish
So hurry up domiss his chance buy and hold
remaining coin will be disscussed in 2nd part
#meme #memecoinđđđ #meme_coin #TrendingBinance
If you are given $100 to flip into $10,000 what would you do?
Would you trade futures or will you trade meme coins ?
With #meme coins you can easily flip $100 into $10,000 within 48 hours
But with Futures trading, it will take you over 7 days to get to $5,000
We have something for you, be right back đ
Would you trade futures or will you trade meme coins ?
With #meme coins you can easily flip $100 into $10,000 within 48 hours
But with Futures trading, it will take you over 7 days to get to $5,000
We have something for you, be right back đ
MEME COIN COIN SURGE
What a great month to end and usually this month is not the month of green.
I realized that next bullrun are more #meme surge for big profit.
Emphasized the need for self awareness,risk management and avoiding emotional decision making.
Memecoin like #pepe are highlited as leading the market surge,with a reminder on the focus on the sound investment strategies rather than chasing quick riches.#MemeWatch2024 #MemeCommunity
What a great month to end and usually this month is not the month of green.
I realized that next bullrun are more #meme surge for big profit.
Emphasized the need for self awareness,risk management and avoiding emotional decision making.
Memecoin like #pepe are highlited as leading the market surge,with a reminder on the focus on the sound investment strategies rather than chasing quick riches.#MemeWatch2024 #MemeCommunity
