Vitalik Buterin Continuously Selling Memecoins for Charity

Vitalik Buterin has been continuously receiving "free" memecoin tokens from various projects, but he quickly sells these tokens to donate the proceeds to charity.

Vitalik Buterin Continuously Selling Memecoins For Charity

According to the latest report from Lookonchain, Vitalik Buterin, the founder of Ethereum, has drawn attention by selling a large quantity of the memecoin MOODENG. Specifically, Buterin liquidated 10 billion MOODENG tokens via the decentralized exchange CoWSwap, earning 308.69 ETH (equivalent to $762,000).

Buterin liquidated 10 billion MOODENG tokens via the decentralized exchange CoWSwap
Buterin liquidated 10 billion MOODENG tokens via the decentralized exchange CoWSwap

What’s notable is that immediately after cashing out, Buterin didn’t keep the proceeds for himself. Instead, he donated 260.16 ETH (approximately $642,000) to the Kanro Charity (Vitalik Charity), a foundation he co-founded.

Lookonchain revealed that this wasn’t the first time Buterin sold MOODENG. On October 5th, he also liquidated 11.76 billion tokens, earning 21.03 ETH (around $50,900).

Despite selling a significant amount, Buterin still holds approximately 40 billion MOODENG tokens, with an estimated value of up to $8 million.

Previously, he also sold 17.1 billion NEIRO tokens, collecting 44.4 ETH. NEIRO is another memecoin that was listed on Binance shortly after. In March, he earned $700,000 from selling memecoins, but the most notable sale remains his “dog coin” liquidation of 50% of the total supply of SHIB in May 2021, which brought him $1.2 billion.

Significantly, after that SHIB sale, Buterin donated more than $1.7 billion to global charities, including the India Covid Relief Fund.

Related: Vitalik Buterin Shares Views on Memecoins

Vitalik Buterin’s Explanation for Selling Memecoins

Right after liquidating MOODENG, Buterin posted an explanation of his actions:

Vitalik Buterin’s Explanation for Selling Memecoins
Vitalik Buterin’s Explanation for Selling Memecoins

I appreciate the growth of memecoins and want to contribute part of the project’s supply to charitable organizations. The 10 billion MOODENG sold today will be directed towards technology to combat airborne infectious diseases.

The Ethereum founder further stated, “Anything sent to me will be donated to charity,” echoing his actions in August when he used the proceeds from selling memecoins to support an animal charity.

However, it’s important to note that the version of MOODENG that Vitalik Buterin sold was a “copy” on Ethereum. Interestingly, the token’s price surged nearly fivefold after the announcement of Buterin’s charity sale.

(1 vote)

5.0/5

(1 vote)

Latest

Bitcoin Boom Ahead Institutional And Derivatives Data Reveal

News | Bitcoin | Editor Choice

Bitcoin Boom Ahead? Institutional and Derivatives Data Reveal

Market experts believe that Bitcoin (BTC) is in a phase of accumulation rather than topping, predicting a retest before the next explosive breakout.

Bnb Super Cycle – A Massive Rally Or Binance’s Next Big Bubble

News | Altcoin | Editor Choice

BNB Super Cycle – A Massive Rally or Binance’s Next Big Bubble?

Binance’s BNB token is heating up the crypto market with a series of new record highs, but amid the excitement of the so-called “Super Cycle,” many analysts warn it could just be a bubble waiting to burst.

Bitcoin Cools Off After Record Breaking Rally

News | Bitcoin | Editor Choice

Bitcoin Cools Off After Record-Breaking Rally

After a series of record-breaking gains, Bitcoin suddenly slipped more than 2% on Tuesday afternoon as a wave of profit-taking spread and investor caution returned to the crypto market.

Aster Accused Of Inflating Trading Volume, Token Price Drops 10%

News | Altcoin | Editor Choice

Aster Accused of Inflating Trading Volume, Token Price Drops 10%

The decentralized exchange Aster is facing heated controversy after being accused by DefiLlama of fabricating trading volume, causing the ASTER token to plunge sharply.

Bnb Price Surges Toward $2,000 Amid Altcoin Season Boom

News | Altcoin | Editor Choice

BNB Price Surges Toward $2,000 Amid Altcoin Season Boom

BNB continues to set new records as the altcoin season ignites, with investors eyeing the $2,000 milestone amid a wave of market optimism.

Screenshot 2025 09 10 100533