Originally published on: October 14, 2024
Ethereum co-creator Vitalik Buterin has made headlines once again by converting $1.6 million in memecoins into Ether (ETH), fulfilling his promise to donate the funds to various charities.
The latest sale by Buterin included popular memecoins such as Moo Deng (MOODENG), Monsterra (MSTR), and ETHEREUM IS GOOD (EBULL), according to blockchain analytics firm Spot On Chain.
Buterin has been on a charitable spree, converting a total of $2.78 million worth of memecoins into Ether and donating $884,000 to various charities in just nine days.
While Buterin appreciates the gesture of memecoin issuers sending him coins to donate, he suggested they should consider donating directly to charities instead.
In the past, Buterin has donated all the animal-themed memecoins he received over the last 12 months to the Effective Altruism Funds’ Animal Welfare Fund.
Buterin’s crypto portfolio still includes holdings of popular memecoins such as MOODENG, Neiro (NEIRO), MSTR, and Degen (DEGEN), according to data from Spot On Chain.
The Ethereum co-creator has voiced his support for memecoins that contribute positively to society by funding essential public projects or uplifting individuals in lower-income countries.
On the other hand, Buterin has criticized celebrity-themed memecoins that aim to enrich celebrities and early investors.
With economists Tyler Cowen and Alex Tabarrok nominating Vitalik Buterin for the Nobel Prize in Economic Sciences for 2024, the Ethereum co-creator’s contributions to the crypto space continue to receive recognition.
In conclusion, Vitalik Buterin’s commitment to charity and his innovative contributions to the crypto industry solidify his position as a prominent figure in the blockchain community. Stay tuned for more updates on Buterin’s philanthropic endeavors and his impact on the world of cryptocurrencies.
