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Vijay Gir
Vijay Gir
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- Nov 27, 2024 04:33 UTC
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Vitalik Buterin Sells $81K in Meme Coin Holdings, But Why?
Vitalik Buterin sold meme coins worth $81,800 and donated over $1 million to charity.
This is not the first time he has sold meme coins and donated the proceeds.
Vitalik is using his crypto wealth to advocate for fair crypto regulations and support charitable causes.
Vitalik Buterin, the mastermind behind Ethereum, is back in the spotlight. This time, it’s not for tech breakthroughs but for how he’s using his crypto fortune. In a world where flashy wealth is common, Buterin stands out by turning meme coins into meaningful action.
Recently, he sold tokens worth $81,800 and donated over $1 million to a non-profit.
Let’s dive into the details.
The Meme Coin Breakdown
In his latest move, Buterin sold four meme coins, earning 24.5 ETH—around $81,800. Here’s what he offloaded:
- $LEDOG: Sold 330 billion tokens for 10.96 ETH, worth $36,700.
- $DOGC: Traded 3.03 trillion tokens for 10.8 ETH, valued at $36,000.
- #99: Sold 19.95 million tokens for 1.58 ETH, or $5,300.
- #VITALIK: Offloaded 300 million tokens for 1.14 ETH, approximately $3,800.
This isn’t his first meme coin sell-off. Just last month, Buterin sold eight other meme coins, earning 651.6 ETH. At the time, that was worth $1.62 million; today, it’s closer to $2.18 million, reflecting Ethereum’s rising value.
Where Did the Money Go?
Buterin isn’t keeping these profits for himself. After this latest sale, he donated 320 ETH—worth about $1.07 million—to Coin Center, a non-profit advocating for fair crypto regulations.
This isn’t a one-time gesture. Back in October, after another meme coin sale, he donated 360 ETH (valued at $1.2 million) to various charitable causes. Buterin’s actions make it clear: he’s using crypto wealth to create real-world impact.
Working for Impact
Vitalik Buterin isn’t your average crypto billionaire. While others focus on profits, he’s making a statement about responsibility. Selling meme coins might seem insignificant, but he’s turning these transactions into acts of generosity.
What’s next for Buterin? Only time will tell. But one thing is certain—he’s leading by example in a way that’s hard to ignore, proving that crypto wealth can go beyond personal gain to drive meaningful change.
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