Vitalik Buterin, a co-founder of Ethereum, made news once again when he sold memecoins and profited over $100,000. Buterin exchanged Ethereum and USDC for a variety of memecoins, such as DOG, ESTEE, and DINU, that he had been given for free, according to blockchain monitoring firm Lookonchain.
Buterin sold 340 billion $DOG coins for 5.2 ETH, according to Lookonchain’s X update. Additionally, he sold 10 trillion DINU tokens for 4,181 USDC and 50.48 billion ESTEE tokens for 116,307 USDC. At the time of the transaction, he got $139,000 in total monies.
Although the monies’ final destination is yet unknown, the co-founder of Ether has a track record of allocating these profits to charitable causes.
Sales of memecoin are probably donated to worthy organizations.
The Ethereum founder has a lengthy history of doing such activities, which is followed by this most recent transaction. Through memecoin sales, Buterin accumulated 1,101 ETH in October of last year, which was equivalent to $2.78 million at the time.
He gave 360.16 ETH, or around $884,000, of that sum to several philanthropic organizations. According to sources, the tokens involved in such deals included substantial amounts of coins such as 500 million EBULL for 73.79 ETH ($183,000), 200,000 MSTR for 93.23 ETH ($231,000), and 10 billion MOODENG, which sold for 395.95 ETH ($982,000).
320 ETH, or around $1.07 million, was donated from these transactions, and Buterin allegedly sent it to Coin Center, a nonprofit organization with headquarters in Washington, D.C.
Vitalik Buterin requests that the public refrain from mailing him memecoins.
Buterin has often expressed his opinion about developers that give him memecoins and begged them to cease. As he expressed his worries on X, the Canadian programmer said, “Anything that gets sent to me gets donated to charity too.”
In order to engage their communities in decision-making, he urged memecoin developers to establish decentralized autonomous organizations (DAOs) or make direct donations to humanitarian causes.
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