Vitalik Buterin Sells Meme Coins and USDT, Supports Legal Campaign

user avatar

by Giorgi Kostiuk

2 years ago

Vitalik Buterin, co-founder of Ethereum, sold some meme coins and USDT totaling around $360,000. He also donated funds to support a legal campaign.

Selling Meme Coins and USDT

According to the Spot On Chain account, Buterin sold meme coins and USDT on exchanges, including 70.71 million Neiro, 11.76 billion MOODENG, 7.8 million DEGEN, and 16.03 billion KABOSU. The total sale amounted to $360,000, for which he received 140.6 ETH.

Supporting Legal Campaign

Buterin also donated 100 ETH (approximately $242,000) to the 'Free Alexey & Roman' campaign, supporting the legal defense of TornadoCash developers Alexey Pertsev and Roman Storm.

Selling Ethereum and Market Impact

Reports indicate that a wallet tied to Buterin moved 649 ETH to Paxos, equivalent to $1.79 million at the time. This coincided with a minor ETH price dip of less than 1%, though such sales often affect the market after some delay. Currently, Ethereum is trading at $2,416, having increased by 2.2% in the last 24 hours.

Vitalik Buterin's cryptocurrency transactions have drawn attention in the crypto community, sparking discussions on their market impact and his philanthropic efforts.

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

OpenAI Launches New Agentic Browser Feature for ChatGPT Work

chest

OpenAI has launched a new agentic browser feature in ChatGPT Work, allowing the AI to manage tasks on login-protected sites while maintaining session persistence.

user avatarAyman Ben Youssef

Surge in AI-Generated Vulnerabilities Threatens Bitcoin Security

chest

The Bitcoin Red Team reports a surge in AI-assisted vulnerability findings across Bitcoin projects, highlighting the urgency of addressing security flaws.

user avatarTando Nkube

Core Lightning Developers Issue Urgent Warning on Vulnerabilities

chest

Core Lightning developers issue critical warning to node operators about vulnerabilities in AI-generated security reports, urging prompt updates or offline operation to secure payment channels.

user avatarKofi Adjeman

Experts Warn Against Short-Term Predictions for Bitcoin Prices

chest

Experts warn against over-reliance on single-day ETF flows for predicting Bitcoin prices, emphasizing long-term trends.

user avatarNguyen Van Long

Dormant Bitcoin Wallets Come to Life

chest

Six dormant Bitcoin wallets have moved a total of 55,359 BTC, worth approximately $40.15 million, between August 16 and August 26.

user avatarSatoshi Nakamura

SEC Proposes New Rules for Crypto Custody Regulations

chest

The SEC has proposed new rules to modernize crypto custody regulations for investment advisers and companies.

user avatarJesper Sørensen

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.