Originally published on: October 14, 2024
Ethereum co-creator, Vitalik Buterin, has once again made waves in the crypto world by converting $1.6 million worth of memecoins into Ether, which he pledged to donate to charitable causes. This generous move by Buterin included memecoins such as Moo Deng (MOODENG), Monsterra (MSTR), and ETHEREUM IS GOOD (EBULL), as reported by blockchain analytics firm Spot On Chain.
Buterin’s philanthropic efforts didn’t stop there. He also divested his holdings in other meme tokens like Popcat (POPCAT), Fwog (FWOG), and vitalek buteren (VITALIK). In total, he has converted $2.78 million worth of memecoins into Ether, with $884,000 already donated to various charities within the span of just nine days.
While Buterin commended memecoin issuers for their generosity, he urged them to consider donating directly to charitable organizations. His commitment to giving back is evident through previous donations of animal-themed memecoins and a pledge to donate all 10 billion memecoin tokens to an organization focusing on anti-airborne-disease technology.
Despite holding a substantial $700 million crypto portfolio, Buterin remains dedicated to supporting important public projects and advocating for the positive impact of memecoins on society. However, he has been critical of celebrity-themed memecoins designed to enrich celebrities and early investors.
Buterin’s contributions to the crypto world have not gone unnoticed, with economists Tyler Cowen and Alex Tabarrok nominating him for the Nobel Prize in Economic Sciences for 2024. Their praise for Buterin’s innovative work in blockchain technology and Ethereum’s proof-of-stake mechanism design reflects his significant influence in the industry.
As Buterin continues to make a difference through his charitable donations and groundbreaking achievements, it’s clear that his impact on the world of cryptocurrency will shape its future for years to come.
