Ethereum

Peter Todd

ETHEREUM IS GOOD

Spot

Monsterra (MSTR)

Ethereum co-creator Vitalik Buterin has converted another $1.6 million worth of memecoins that he was sent into Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="null" target="null" text="null" title="null">ETH</a>) which he previously promised would be donated to charities.
The sale included $982,800 worth of Moo Deng (MOODENG), $231,000 of Monsterra (MSTR) and $183,000 of ETHEREUM IS GOOD (EBULL), blockchain analytics firm Spot On Chain <a data-ct-non-breakable="null" href="https://x.com/spotonchain/status/1845269148370350238" rel="null" target="null" text="null" title="null">noted</a> in an Oct. 13 X post.
Buterin also offloaded holdings of Popcat (POPCAT), Fwog (FWOG) and vitalek buteren (VITALIK).
He’s now converted $2.78 million <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/building-real-world-projects-using-meme-inspired-strategies" rel="null" target="null" text="null" title="null">worth of memecoins</a> into Ether and donated $884,000 worth to charities over the last nine days, Spot On Chain said on Oct. 13.
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 <img alt="Charity, Vitalik Buterin, Memecoin" src="https://s3.cointelegraph.com/uploads/2024-10/0192898d-c85a-7830-bc0d-e09c896e78dd" title="">
 <figcaption style="text-align: center;">
 Source: <a data-ct-non-breakable="null" href="https://x.com/spotonchain/status/1845269148370350238" rel="null" target="null" text="null" title="https://x.com/spotonchain/status/1845269148370350238">Spot On Chain</a>
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Buterin <a data-ct-non-breakable="null" href="https://x.com/VitalikButerin/status/1843260976206082216" rel="null" target="null" text="null" title="null">praised</a> memecoin issuers for sending him coins to donate but suggested they consider donating directly instead.
On Oct. 7, Buterin said in an X post that he was donating all 10 billion memecoin tokens he received to an organization working on anti-airborne-disease technology.
<figure>
 <img alt="Charity, Vitalik Buterin, Memecoin" src="https://s3.cointelegraph.com/uploads/2024-10/0192898d-6818-78e4-8d8f-fb1016c791ef" title="">
 <figcaption style="text-align: center;">
 Source: <a data-ct-non-breakable="null" href="https://x.com/VitalikButerin/status/1843260976206082216" rel="null" target="null" text="null" title="https://x.com/VitalikButerin/status/1843260976206082216">Vitalik Buterin</a>
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On Aug. 15, Buterin donated all the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/vitalik-buterin-donates-eth-animal-charity" rel="null" target="null" text="null" title="null">animal-themed memecoins</a> he had received over the last 12 months to Effective Altruism Funds’ Animal Welfare Fund.&nbsp;
More donations from Buterin may be on the way.
His $700 million crypto portfolio still consists of $2.4 million in MOODENG tokens, $144,000 in Neiro (NEIRO), $117,000 in MSTR and $80,000 in Degen (DEGEN), Spot On Chain’s <a data-ct-non-breakable="null" href="https://platform.spotonchain.ai/en/entity/306" rel="null" target="null" text="null" title="null">data</a> shows.
Buterin has long held that memecoins can <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/meme-coins-betrayal-crypto-ideals-or-true-purpose/" rel="null" target="null" text="null" title="null">positively contribute to society</a> by funding important <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/meme-coins-play-important-role-in-crypto" rel="null" target="null" text="null" title="null">public projects</a> or even allowing people from lower-income countries to earn a living.
Meanwhile, Buterin has slammed <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/vitalik-buterin-slams-celebrity-memecoins" rel="null" target="null" text="null" title="null">celebrity-themed memecoins</a> intended to enrich the celebrity and early investors.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/hbo-documentary-peter-todd-satoshi-nakamoto" rel="null" target="null" text="null" title="null">Everything HBO’s Bitcoin doc got wrong about Peter Todd and Satoshi</a>
Buterin’s name was recently thrown in the ring to <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/vitalik-buterin-darkhorse-2024-nobel-prize-economics" rel="null" target="null" text="null" title="null">take out the Nobel Prize</a> in Economic Sciences for 2024 by economists Tyler Cowen and Alex Tabarrok.
“Vitalik built a platform, created a currency, you could say, refuted Mises’ regression theorem in the process, obviously following in the footsteps of Satoshi, but my goodness, what does someone have to do to get a Nobel Prize,” Cowen said during an Oct. 8 episode of the duo’s Marginal Revolution podcast.
Tabarrok expressed his agreement, adding: “Not only that, but Vitalik has continued to contribute toward the mechanism design of Ethereum by going to proof-of-stake.”&nbsp;
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/meme-coins-betrayal-crypto-ideals-or-true-purpose/" rel="null" target="null" text="null" title="null">Memecoins: Betrayal of crypto’s ideals… or its true purpose?</a>

Vitalik Buterin sells another $1.6M in memecoins promised for charity

Cointelegraph

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