Vitalik Buterin Sells Meme Coins for Charity

Vitalik Buterin, co-founder of Ethereum, has sold off a significant quantity of meme coins, generating nearly $1 million in proceeds that he donated to his charity, Kanro. The sell-off included 28 different tokens like Dogecoin and Neiro, with proceeds totaling approximately 984,000 USDC. This transaction has triggered drastic price fluctuations in various meme coins, with some experiencing declines of over 50% while others surged by more than 100%. Buterin has a history of using meme coin sales to fund charitable causes, having previously donated substantial amounts to various organizations. His recent actions reflect a continued commitment to philanthropy, particularly in the realm of pandemic response. Buterin has urged developers to refrain from sending him meme coins, advocating for direct contributions to charity instead.