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Ethereum (ETH) co-founder Vitalik Buterin has once again shook the cryptocurrency market, this time by offloading large amounts of meme coins he received for free in exchange for Ethereum and stablecoins. Blockchain data reviewed by Finbold from Etherscan shows that on September 28, Buterin’s wallet, vitalik.eth, sold 150 billion PUPPIES tokens for 28.58 ETH, worth approximately $114,700 at the time of the transaction.  In a separate swap, he also unloaded 1 billion units of an ERC20 memecoin for 13,889 USDC, securing just over $13,800. Vitalik Buterin’s recent transactions. Source: Etherscan Details of Buterin’s transactions The transactions, which took place within hours of each other, highlight a familiar pattern. Buterin has historically distanced himself from unsolicited memecoin allocations, often referred to as “airdrops,” by liquidating them quickly. His sales are typically interpreted less as a market call on the tokens themselves and more as...

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 ...