Vitalik Buterin Transfers $1M in USDC to Biotech Fund for Charity
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Meme Coin Sales Drive Donation
Buterin conducted multiple transactions on January 6, exchanging meme coins for USDC. His public wallet, “vitalik.eth,” sold 28 different meme coins, generating approximately $984,000. These tokens are often gifted to Buterin by developers as a marketing tactic or gesture of appreciation.
This isn’t the first time Buterin has leveraged meme coins for philanthropy. Previously, he donated Shiba Inu (SHIB) tokens, a move that both reduced SHIB’s supply and funded charitable causes. However, such sales can trigger significant price declines for the involved tokens, as seen when the DINU token’s value dropped by 68% after a similar sale.
On-Chain Activity Monitored Closely
Buterin’s wallet is closely monitored for insights into potential donations and token sales. Last year, he sold several meme coins, including Popcat, raising $2.24 million in Ether. His recent donation reflects his ongoing commitment to using blockchain for social good.
Encouraging Blockchain and Cryptography Collaboration
In addition to his philanthropic efforts, Buterin advocates for stronger collaboration between blockchain and cybersecurity communities. He emphasized this during a discussion about increasing participation in non-blockchain-focused events to foster broader acceptance and innovation.
With actions like these, Buterin continues to inspire the crypto community to explore the potential of blockchain beyond technology.