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Cryptocurrency News Articles
Vitalik Buterin Dumps $341K Meme Coins, Donates 100 ETH to Free Alexey & Roman Campaign
Oct 06, 2024 at 01:54 am
Vitalik Buterin's related Ethereum wallet performed a big transaction as we speak, divesting a spread of meme cash and Tether's USDT for ETH.
Blockchain information reveals that builders despatched these unsolicited meme tokens to Buterin’s wallet all through the previous yr.
On October 5, Buterin bought 4 completely different tokens, netting 140.67 ETH, value roughly $341,000. Blockchain evaluation platform Lookonchain reported that Buterin bought 11.76 billion Moodeng tokens for 21 ETH (round $51,000) and 70.72 million Neiro for $72,400.
The opposite property he bought included 7.8 million Degen for 25 ETH (round $61,000) and 16 billion Kabosu tokens for 22.94 ETH (roughly $56,000). Moreover, Buterin transformed his complete USDT stability of 101,000 USDT into 41.69 ETH.
After these gross sales, one other crypto analytical platform, SpotOnChain, famous that Buterin despatched 100 ETH (roughly $242,000) to the “Free Alexey & Roman” marketing campaign. This initiative helps the authorized defense of Tornado Cash developers Alexey Pertsev and Roman Storm.
It’s unclear if the donated funds got here from his latest token gross sales or from different sources. However, the transfer aligns with Buterin’s ongoing follow of changing meme coin holdings into charitable contributions.
Earlier this yr, he bought an enormous quantity of animal meme tokens that have been despatched to him and donated $532,000 worth of ETH to the Animal Welfare Fund underneath the Efficient Altruism initiative.
Apparently, one of many tokens the Ethereum co-founder bought just lately requested that he donate the proceeds to the identical trigger.
“Hey, Vitalik Buterin — can we ask you for a favor? We all know what you probably did for NEIRO once you bought. Now that you simply bought your ITO, may you make the identical donation to the Animal Welfare Fund on behalf of ITO?,” ITO wrote on X.
In the meantime, the Ethereum co-founder has publicly acknowledged his disapproval of receiving unsolicited tokens. Whereas he appreciates contributing to charitable causes, he prefers that meme coin creators allocate tokens on to charities.
Buterin additionally addressed this subject in a weblog submit, encouraging the crypto neighborhood to design meme coins with practical uses, corresponding to charity fundraising, fairly than as speculative property.
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