Ethereum

Major

Coin

Ethereum co-founder Vitalik Buterin recently sold several meme tokens that he had received for free, turning them into approximately 140.67 $ETH, worth around $340,500. Blockchain analytics platform Lookonchain revealed that Buterin conducted the transactions just 50 minutes before the announcement, sparking interest in his portfolio management strategy. 
<h2 id="major-meme-coin-sales-by-buterin">Major Meme Coin Sales by Buterin</h2> 
Among the tokens sold were $MOODENG, $Neiro, $DEGEN, and $KABOSU. <a href="https://www.turkishnyradio.com/ethereum-co-founder-vitalik-buterin-proposes-significant-change-to-eth-staking/" target="_blank" rel="noopener">Buterin</a> sold a portion of these assets while holding on to some, suggesting a mixed approach to his investments. One of the notable transactions was his sale of 11.76 billion $MOODENG tokens, which netted him 21.03 $ETH—approximately $50,900. Despite this sale, Buterin still holds 50 billion $MOODENG tokens, valued at around $1.4 million, indicating potential long-term plans for this asset. 
Buterin also sold 70.72 million $Neiro tokens, earning 29.9 $ETH—roughly $72,400. However, he continues to hold 70 million $Neiro tokens, valued similarly at $72,300. The retention of these tokens may signal Buterin’s confidence in the project’s future. 
<img loading="lazy" decoding="async" class="alignnone size-full wp-image-21485" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/digital-and-decentralized-world-featuring-elements-symbolizing-blockchain-technology-and-Ethereum-The-image-should-i.webp" alt="digital and decentralized world featuring elements symbolizing blockchain technology and Ethereum The image should i" width="1792" height="1024" title="Vitalik Buterin Sells Meme Coins for $340K: What's His Strategy? 24" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/10/digital-and-decentralized-world-featuring-elements-symbolizing-blockchain-technology-and-Ethereum-The-image-should-i.webp 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/digital-and-decentralized-world-featuring-elements-symbolizing-blockchain-technology-and-Ethereum-The-image-should-i-768x439.webp 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/10/digital-and-decentralized-world-featuring-elements-symbolizing-blockchain-technology-and-Ethereum-The-image-should-i-1536x878.webp 1536w" sizes="(max-width: 1792px) 100vw, 1792px"> 
<h2 id="degen-kabosu-and-usdt-sales-draw-attention">DEGEN, KABOSU, and USDT Sales Draw Attention</h2> 
Another notable sale was 7.8 million $DEGEN tokens, which brought Buterin 25.11 $ETH—around $60,800. He still holds 7.5 million $DEGEN tokens, worth $57,300. Given the token’s high volatility, this partial sale could be seen as a risk management strategy. 
Buterin’s complete liquidation of 16 billion $KABOSU tokens, resulting in 22.94 $ETH or $55,500, stood out as one of his more decisive moves. Additionally, he sold 101,000 $USDT for 41.69 $ETH, gaining another $101,000. His complete exit from $KABOSU suggests he no longer sees potential in the token or wants to avoid its future volatility. 
These sales highlight Buterin’s calculated approach, balancing between offloading certain meme tokens while holding onto others for potential long-term gains.

Vitalik Buterin Sells Meme Coins for $340K: What’s His Strategy?

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