Vitalik Buterin Converts $1.6M in Meme Coins to Ether for Charitable Donations
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
Ethereum co-founder Vitalik Buterin has converted meme coins worth $1.6 million into Ether (ETH) set to be donated to various charitable causes.
According to blockchain analytics firm Spot On Chain, Buterin sold $982,800 worth of Moo Deng (MOODENG), $231,000 of Monsterra (MSTR), and $183,000 of ETHEREUM IS GOOD (EBULL) as part of his latest transaction.
In addition, he offloaded smaller holdings of meme coins such as Popcat (POPCAT), Fwog (FWOG), and vitalek buteren (VITALIK).
The move brings Buterin’s total meme coin sales to $2.78 million, of which $884,000 has already been donated to charities over the past nine days.
The Ethereum co-creator has consistently expressed appreciation for meme coin issuers who send him coins, though he has encouraged them to donate directly to causes instead.
Earlier, on October 7, Buterin announced that he was donating 10 billion meme coin tokens he received to an organization working on anti-airborne-disease technology.
“I’ve said before that I think the best thing for meme coins is if they can be maximally positive-sum for the world, so it’s great to see moments when that actually happens!” the Ethereum mastermind wrote.
I appreciate all the memecoins that donate portions of their supply directly to charity.
(eg. I saw ebull sent a bunch to various groups last month)
Anything that gets sent to me gets donated to charity too (thanks moodeng! The 10B from today is going to anti-airborne-disease…
In August, he similarly donated various animal-themed meme coins to the Effective Altruism Funds’ Animal
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