Vitalik Buterin Profits from Memecoin Sales

user avatar

by Giorgi Kostiuk

2 years ago

Ethereum co-founder Vitalik Buterin has once again made headlines by selling memecoins for over $139,000. According to Lookonchain, Buterin exchanged some free memecoins he received for Ethereum and USDC.

Memecoin sales are likely routed to charitable causes

This transaction is part of a long history of charitable actions by the Ethereum creator. Last year in October, Buterin amassed 1,101 ETH through memecoin sales, donating 360.16 ETH to various charitable causes. Tokens involved included 10 billion MOODENG.

Vitalik Buterin urges the community to stop sending him memecoins

Buterin has repeatedly asked developers to stop sending him memecoins, explaining that any such funds are donated to charity. He also suggested that memecoin creators directly engage in charitable actions or create decentralized autonomous organizations.

Support for Tornado Cash developer’s legal turmoil

In his charitable efforts, Buterin supported Roman Storm, a developer from the Tornado Cash project facing legal challenges. Buterin donated 50 ETH for Storm's legal defense, who faces money laundering charges.

Through his efforts to support charities and assist individuals in the crypto community, Vitalik Buterin continues to manifest his beliefs about the importance of creating positive impacts in the world.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Crypto Economic Activity Remains Strong Despite Market Downturn

Crypto economic activity has shown resilience despite a significant drop in market capitalization, indicating a shift in market dynamics.

user avatarEmily Carter

Visa's Research Highlights Trust as a Barrier to Stablecoin Adoption

Visa's research highlights that trust and fraud protection are essential for stablecoin adoption, with 36% of US respondents considering their use, especially with bank-level protections.

user avatarTomas Novak

Cardano's Onchain Governance Approves New Treasury Allocations

Cardano's governance system has approved a new round of treasury allocations aimed at infrastructure and ecosystem development.

user avatarKaterina Papadopoulou

Galaxy Invests $100 Million in Onchain Credit Infrastructure

Galaxy has invested $100 million in Sky Protocol's yield-bearing sUSDS, integrating it into its corporate treasury and allowing it as collateral for institutional trading.

user avatarMaya Lundqvist

Blockchain.com and NYSE Join Forces to Launch Tokenized Trading Platform

Blockchain.com and the New York Stock Exchange have signed an agreement to develop a platform for trading tokenized US stocks and ETFs.

user avatarLeo van der Veen

Circle Launches StableFX for Onchain Foreign Exchange

Circle has launched StableFX, a service for institutions to exchange stablecoin-denominated currencies on its blockchain, Arc, enabling 24/7 currency exchanges and improving foreign exchange efficiency.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.