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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Axis Robotics Unveils Axis Sim Dataset V1 for Enhanced Robotic Manipulation

chest

Axis Robotics has released Axis Sim Dataset V1, one of the largest open-source simulation datasets for Franka arm manipulation, featuring over 50,000 human-teleoperated simulation trajectories.

user avatarMaya Lundqvist

ENS Proposes Migration to Layer 2 Registry Model

chest

Ethereum Name Service (ENS) has initiated discussions on a proposal to migrate domain registration and renewal to a Layer 2 registry model to reduce costs.

user avatarLeo van der Veen

BNB Chain Sets Activation Schedule for Lorentz Hard Fork

chest

BNB Chain developers have announced the activation schedule for the Lorentz hard fork, set to occur at block height 42,100,000, introducing BEP341 transaction priority changes aimed at reducing gas costs.

user avatarLi Weicheng

The Growth of Actively Validated Services in EigenLayer

chest

EigenLayer's success in restaking relies on the growth of Actively Validated Services (AVSs) that utilize restaked security, which is essential for generating sustainable fees and ensuring the overall success of the restaking model.

user avatarBayarjavkhlan Ganbaatar

EigenLayer Surpasses 5 Million ETH in Restaking Deposits

chest

EigenLayer has achieved a significant milestone by crossing 5 million ETH in restaking deposits, indicating the rapid growth of the restaking market.

user avatarAisha Farooq

Uniswap v4 Hook Library Expands with New Features

chest

Uniswap has recently expanded its v4 hook library by introducing automated liquidity management tools, allowing developers to customize liquidity pool behavior and enhance DeFi design.

user avatarTenzin Dorje

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.