The post Ethereum’s Vitalik Buterin Sells Meme Coins for Over $600K in ETH appeared on BitcoinEthereumNews.com.

Ethereum co-founder Vitalik Buterin has made headlines with two significant moves: the sale of a large amount of meme coins, netting over $600,000 in ETH, and the introduction of a proposal aimed at fostering greater ecosystem unity within Ethereum. Ethereum Co-Founder Vitalik Buterin Sells Meme Coins Again, Receives Over $600K in ETH Ethereum co-founder Vitalik Buterin has made headlines once more for selling off large amounts of meme coins, receiving a substantial 257.1 ETH worth approximately $636,000 in return. According to Lookonchain, the tokens sold include a variety of meme coins, such as MSTR, POPCAT, ITO, ETH6900, SATO, and Milo. The breakdown of Buterin’s recent meme coin sales is as follows: 330,000 MSTR sold for 114.1 ETH (~$282,000) 14 million POPCAT sold for 74.99 ETH (~$186,000) 14 billion ITO sold for 36.55 ETH (~$90,000) 1.05 million ETH6900 sold for 15.37 ETH (~$38,000) 50.53 billion SATO sold for 11.34 ETH (~$28,000) 10 billion Milo sold for 4.77 ETH (~$12,000) This is not the first time Buterin has disposed of meme coins. The Ethereum co-founder’s wallet has been a frequent recipient of unsolicited digital assets, often showered with such tokens by developers, perhaps as a marketing ploy or as a token of gratitude. Once these coins are in his possession, Buterin frequently swaps or sells them, with reports suggesting he may later donate the funds to charitable causes. This latest sale follows a pattern observed earlier. According to Wu Blockchain, Buterin recently sold a collection of eight different meme tokens for 651.4 ETH (~$1.61 million). The tokens involved in that sale included popular names such as MSTR, Milo, POPCAT, TCATI, VITALIK, MOODENG, FWOG, and EBULL. One particularly notable sale was of MOODENG, a meme coin inspired by a viral video of Moo Deng, a baby pygmy hippo from Thailand. Buterin swapped billions…

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Filed under: News - @ October 14, 2024 10:16 am