Vitalik Buterin Sells More Meme Coins Amid Charity Donations Criticism
The post Vitalik Buterin Sells More Meme Coins Amid Charity Donations Criticism appeared on BitcoinEthereumNews.com.
Vitalik Buterin, the Ethereum co-founder, has sold several meme coins and earned 257.1 ETH, which is approximately $636,000, as per the blockchain data. Buterin’s action has evoked interest given the recent meme coin donations which raised concerns among the cryptocurrency community on the potential dangers to investors. Vitalik Buterin Sells More Meme Coins Blockchain data shows that Buterin sold several meme coins that were sent to him for free. The sales were made for 330,000 MSTR for 114.1 ETH ($282,000), 14 million POPCAT for 74.99 ETH ($186,000), and 14 billion ITO for 36.55 ETH ($90,000). Other sales were 1.05 million ETH6900 for 15.37 ETH ($38,000), 50.53 billion SATO for 11.34 ETH ($28,000), and 10 billion Milo for 4.77 ETH ($12,000). Vitalik Buterin’s attitude towards these tokens is in line with his previous remarks that any tokens he gets without asking will either be sold or donated. His transactions are in line with this policy though they have raised concerns on whether such actions encourage projects that are not so noble. Charitable Meme Coins Raises Concerns In the recent past, Ethereum co founder took to Twitter and applauded two meme coin projects, EBULL and MOODENG for donating a percentage of their tokens to charity. He also confirmed that the tokens sent to his address will be used for charity. Buterin pointed out that for instance, the MOODENG token was allocating its funds towards anti-airborne disease technology. However, there were some concerns among the critics within the cryptocurrency community regarding the message. They claimed that recognizing meme tokens, which are usually not very transparent, may lead to the promotion of dubious assets. Certain investors are concerned that projects may leverage charity as a marketing strategy to secure funds and potentially put buyers at risk of unknown liabilities. While at it, Vitalik Buterin…
Filed under: News - @ October 12, 2024 8:27 pm