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 has dumped several memecoins, trading them for ETH and earning a total of $633,000 in the process.
The Memecoins Buterin Sold
In the last few hours, Buterin sold six different memecoins, raising a considerable amount of ETH. Here’s a breakdown of the tokens he dumped:
- $281,000 worth of MSTR
- $185,000 worth of POPCAT
- $90,000 worth of ITO
- $37,800 worth of ETH6900
- $27,900 worth of SATO
- $11,700 worth of Milo
This recent sell-off has sparked speculation that Buterin may once again be preparing to donate the proceeds to charitable causes, 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. These tokens were sent to him by developers hoping to boost their coin’s visibility. Buterin has a history of dumping such tokens, often donating the proceeds to charity. In a notable example, he donated over $1 billion worth of SHIB to a hospital in India, causing controversy in the process. Since then, Buterin has not made a sell-off of that magnitude until now.
Charitable Contributions on the Horizon?
Given Buterin’s past actions, there is speculation that he may use this latest windfall for philanthropic purposes. He has been known to support various charitable causes, and this ETH haul could be directed towards similar initiatives.
Buterin’s recent moves have reignited discussions within the crypto community, especially among memecoin holders. His involvement, whether through sales or donations, often has a ripple effect on the market.
As reported by Turkish NY Radio, it’s essential for investors to be aware that these tokens were unsolicited and sent to Buterin by developers. Therefore, his actions should not be seen as an endorsement of these coins.
