Ethereum (ETH) Co-Creator Vitalik Buterin Is Suddenly Selling Off Dozens of Digital Assets

According to market analytics platform Arkham Intelligence, Buterin has sold Dogecoin (DOGE) and a number of other smaller market cap, lesser-known digital assets on Monday.

Ethereum (ETH) co-creator and a dogecoin enthusiast Vitalik Buterin is once again spotted selling off dozens of digital assets, including Neiro (NEIRO) and other memecoins, to fund his charity Kanro.

According to market analytics platform Arkham Intelligence, Buterin has sold Dogecoin (DOGE) and a number of other smaller market cap, lesser-known digital assets on Monday.

“Buterin is once again selling memecoins donated to his wallet. Today, he sold a total of 28 memecoins for 984,000 USDC, and then donated the USDC to the Kanro address,” pseudonymous on-chain analyst EmberCN wrote in a post on the social media platform X, identifying the assets.

The sales, which sold for nearly $1 million in total, include 70 million Neiro for $74,095, and 92,000 DOGE for $35,233.

The on-chain analyst adds that some tokens, such as DINU and SHIB, experienced a sharp decline due to their small market capitalization and poor pool depth.

“For example, DINU fell by 68% and SHIB fell by 38%,” the analyst noted.

This isn’t the first time Buterin was spotted selling his digital assets to fund Kanro.

In October, blockchain reporter Colin Wu spotted Buterin selling about $340,000 of meme coins in half an hour.

“According to the blockchain, Buterin burned 13 meme coins and sold another 15 in 30 minutes. The coins were then credited to the Kanro address,” Wu wrote at the time.

Kanro was originally set up by Buterin to address COVID-19 and other pandemic-related issues. The charity, which is named after a Japanese herbal tonic, has also supported several projects in the digital assets space.