Vitalik Buterin sells another $1.6M in memecoins promised for charity

As a seasoned researcher with a keen eye for blockchain trends and developments, I find Vitalik Buterin’s recent actions to be both inspiring and thought-provoking. His continuous conversion of memecoins into Ether and subsequent donations to charitable causes demonstrate his commitment to using his influence for the greater good.


As a proud crypto investor, I’ve recently followed in the footsteps of Ethereum co-creator Vitalik Buterin by converting another $1.6 million of meme tokens that were sent to me into Ether (ETH). True to his word, these funds will be donated to charitable causes, as he had previously pledged.

As a researcher, I recently observed that a substantial transaction involved the purchase of approximately $982,800 worth of Moo Deng (MOODENG), $231,000 of Monsterra (MSTR), and $183,000 of ETHEREUM IS GOOD (EBULL). These insights were highlighted by the blockchain analytics firm Spot On Chain in their October 13th blog post.

Buterin also offloaded holdings of Popcat (POPCAT), Fwog (FWOG) and vitalek buteren (VITALIK).

Over the past nine days, he has exchanged approximately 2.78 million dollars’ worth of meme-based cryptocurrencies into Ether and donated around 884,000 dollars to charities as reported by Spot On Chain on October 13th.

Vitalik Buterin sells another $1.6M in memecoins promised for charity

Via a more straightforward and conversational approach, here’s how we can rephrase the given statement: Vitalik Buterin complimented the creators of meme coins for gifting him the coins to donate; however, he advised them to think about donating funds directly instead.

On October 7th, Buterin announced via a social media post that he would be giving away all 10 billion tokens of the meme coin he received to an organization specializing in developing technology for combating airborne diseases.

Vitalik Buterin sells another $1.6M in memecoins promised for charity

On August 15th, Ethereum co-founder, Buterin, gave away all the meme-based cryptocurrencies with animal themes that he had received during the past year to the Animal Welfare Fund managed by Effective Altruism Funds.

More donations from Buterin should be on the way too.

According to Spot On Chain’s data, his crypto holdings, worth approximately $700 million, include $2.4 million in MOODENG tokens, $144,000 in Neiro (NEIRO), $117,000 in MSTR, and $80,000 in Degen (DEGEN).

According to Buterin, memecoins could bring about constructive changes within our society, such as financing crucial community initiatives and providing income opportunities for individuals residing in less affluent nations.

Currently, Buterin is criticizing memecoins linked with celebrities, which primarily serve to make the celebrity and initial investors wealthier.

Economists Tyler Cowen and Alex Tabarrok have proposed Vitalik Buterin as a potential candidate for the Nobel Prize in Economic Sciences for the year 2024.

In simpler terms, Vitalik developed a platform and created a digital currency, essentially challenging Mises’ regression theorem in the process. This was reminiscent of Satoshi Nakamoto’s work. Yet, one might wonder what extraordinary feat is needed to win a Nobel Prize, according to Cowen during an Oct. 8 episode of their Marginal Revolution podcast.

Tabarrok concurred, further noting: “Moreover, Vitalik has been instrumental in shaping the proof-of-stake framework for Ethereum.

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2024-10-14 09:03