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Sujit Kumar
Nov 27, 2024
by Sujit Kumar

Vitalik Buterin: Selling Meme Coins for a Greater Cause

Vitalik Buterin selling memecoins

Table of contents

  1. Breaking Down the Sale
  2. Generosity in Action
  3. Setting an Example
Ethereum co-founder Vitalik Buterin is making waves again, not for blockchain updates but for his unique approach to managing crypto wealth. In a recent move, Buterin sold meme coins worth $81,800 and donated over $1 million to a non-profit organization advocating for crypto-friendly regulations.

Breaking Down the Sale

Vitalik sold four meme coins, earning 24.5 ETH (approximately $81,800):

  • $LEDOG: 330 billion tokens for 10.96 ETH ($36,700).

  • $DOGC: 3.03 trillion tokens for 10.8 ETH ($36,000).

  • #99: 19.95 million tokens for 1.58 ETH ($5,300).

  • #VITALIK: 300 million tokens for 1.14 ETH ($3,800).

    • This isn’t new territory for Buterin. In October, he sold eight meme coins, earning 651.6 ETH, then valued at $1.62 million.

    Generosity in Action

    Buterin donated 320 ETH ($1.07 million) from his latest earnings to Coin Center, an organization advocating for equitable crypto regulations. This follows his October donation of 360 ETH ($1.2 million) to various charities, proving that his actions are purpose-driven.

    Setting an Example

    Vitalik Buterin’s actions go beyond financial gains. By converting meme coin profits into meaningful donations, he is redefining the role of crypto leaders. His moves highlight how crypto wealth can contribute to broader societal goals.

    While Ethereum continues to evolve, Vitalik’s philanthropic initiatives set a high bar for others in the crypto space. What's next for him remains to be seen, but his impact resonates far beyond the blockchain.

    Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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    Vitalik Buterin: Selling Meme Coins for a Greater Cause
    Sujit Kumar
    Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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