Vitalik Buterin sells another $1.6M in memecoins pledged to charity
Ethereum co-creator Vitalik Buterin converted another $1.6 million worth of memecoins sent to Ether (ETH), which he had previously promised to donate to charities.
The sale includes $982,800 worth of Moo Deng (MOODENG), $231,000 of Monsterra (MSTR) and $183,000 of ETHEREUM IS GOOD (EBULL), blockchain analytics firm Spot On Chain announced in an October 13 post.
Buterin also unloaded holdings of Popcat (POPCAT), Fwog (FWOG) and vitalek buteren (VITALIK).
He has now converted $2.78 million worth of memecoins into Ether and donated $884,000 worth to charities over the past nine days, Spot On Chain reported on October 13, 2010.
Source: Spot On Chain
Buterin thanked memecoin issuers for sending him coins to donate, but suggested they consider donating directly instead.
On October 7, Buterin announced on X-Post that he was donating all 10 billion memecoin tokens he received to a company working on anti-airborne-disease technology.
Source: Vitalik Buterin
In the year On August 15, Buterin donated all the animal-focused memecoins he had received in the past 12 months to the Effective Altruism Fund for Animal Welfare.
More donations from Buterin may be on the way.
His $700 million crypto portfolio still has $2.4 million in MOODENG tokens, $144,000 in Neiro (NEIRO), $117,000 in MSTR and $80,000 in Degen (DEGEN), Spot On Chain data shows.
Buterin has long argued that memecoins can contribute positively to society by funding important public projects or helping people from low-income countries earn a living.
Meanwhile, Buterin criticized celebrity-themed memecoins intended to enrich celebrities and early investors.
Related: Everything HBO's Bitcoin Documentary About Peter Todd and Satoshi Goes Wrong
Buterin's name was recently thrown into the ring for the 2024 Nobel Prize in Economic Sciences by economists Tyler Cowen and Alex Tabarrok.
“Vitalik built a platform, created a currency, disproved Mises' regression theorem in the process, obviously following in Satoshi's footsteps, but my goodness, what does one have to do to win a Nobel Prize,” Cowen said. On the October 8th episode of the Bilateral Marginal Revolution podcast.
“Not only that, but Vitalik continues to contribute to Ethereum's mechanical design and proof-of-concept,” Tabarrok explained of the deal.
Magazine: Memecoins: Betraying Crypto Ideas… Or Its True Purpose?
