Vitalik Buterin Sells Memecoin Holdings To Fund Anti-Airborne Disease Tech Charity
The founder of Ethereum (ETH) is selling off a trove of memecoins and turning the profits into donations. According to blockchain reporter Colin Wu, Vitalik Buterin sold about $340,000 of memecoins in half an hour early on Monday. “Just In: Vitalik exchanged some Memecoins into his wallet for about 140.6 ETH in 30 minutes, worth about $340k, including: 100,000 USDT (donated by CATE project); 70.71 million Neiro; 11.76 billion MOODENG; 7.8 million DEGEN; 16.03 billion KABOSU.” According to Wu, Buterin sold 10 billion MOODENGs, a Solana (SOL)-based memecoin referencing a viral baby hippo in a Thailand zoo, and immediately sent most of the profits to charity. “Vitalik.eth sold 10 billion MOODENGs for 308.7 ETH through Cow Swap at 19:18-19:36 UTC+8 today, and transferred 260.15 ETH to the charity Kanro contract. Currently, vitalik.eth still passively holds 40 billion MOODENGs, worth about 4.32 million US dollars.” Kanro is a biotech fund set ...