Vitalik Buterin Made $139,000 Selling Free Memecoins He Received, Donated Similar Proceeds in the Past

Ethereum co-founder sold three memecoins, namely DOG, ESTEE, and DINU, for a total of $139,000. The funds were acquired through memecoins that were airdropped to his wallet.

However, the use of the funds is yet to be disclosed. Buterin is known for donating such proceeds to charity.

Details of Buterin’s Memecoin Sales Surfaced

Blockchain tracking service Lookonchain recently highlighted three transactions where Buterin sold memecoins he received for Ethereum and USDC.

In the first transaction, Buterin sold 340 billion DOG tokens for 5.2 ETH. At the time of the transaction, the ETH was valued at $12,000, making the total sales for the DOG tokens around $62,000.

Next, Buterin sold 50.48 billion ESTEE tokens for 116,307 USDC. Considering the USDC rate at the time, the sales for the ESTEE tokens came out to be around $77,000.

Lastly, the Ethereum co-founder sold 10 trillion DINU tokens for 4,181 USDC, bringing the total sales for the three memecoins to $139,000.

While the funds’ purpose remains unknown, Buterin has a history of donating proceeds from such sales to charity.

Buterin’s Past Memecoin Sales and Donations

This isn’t the first time that Buterin has profited from memecoin sales and donated the proceeds.

In October 2022, Buterin earned 1,101 ETH, which was valued at $2.78 million at the time, by selling various memecoins. Of this, he donated 360.16 ETH, or $884,000, to charity.

Some of the notable tokens he sold included 10 billion MOODENG for 395.95 ETH ($982,000), 200,000 MSTR for 93.23 ETH ($231,000), and 500 million EBULL for 73.79 ETH ($183,000). A significant portion of his donations—320 ETH, or approximately $1.07 million—went to Coin Center, a Washington, D.C.-based nonprofit.