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<p class="is-style-lead">Vitalik Buterin, Ethereum’s co-creator, financed an animal charity donation by swapping a year’s worth of memecoins for Ether.</p> 
<p>Buterin <a href="https://x.com/VitalikButerin/status/1824034740627800121" target="_blank" rel="">donated</a> 200 Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) valued at around $532,000 to the Effective Altruism Funds, an animal welfare initiative, after receiving thousands of free memecoins like the viral Neiro (NEIRO) and ERC-20 tokens since at least 2023.</p> 
<p>Projects often send coins to Buterin and other public crypto figures as a marketing play. Sometimes, the move also intends to salute OG developers who have significantly contributed to advancing blockchain solutions.</p> 
<p>Memecoin developers can send people like Buterin free tokens since some wallets are doxxed. For instance, Buterin tapped the Ethereum Name Service for his Vitalik.eth wallet. <a href="https://crypto.news/price/ethereum-name-service/" target="_blank" rel="noreferrer noopener">ENS</a> is an ETH-based naming service that allows users to assign easy-to-read names to on-chain addresses.</p> 
<p> You might also like: <a href="https://crypto.news/vitalik-buterin-calls-for-higher-quality-meme-coins/"> Vitalik Buterin calls for ‘higher quality’ meme coins </a> </p> 
<h2 class="wp-block-heading" id="vitalik-buterin-calls-for-more-public-good-funding">Vitalik Buterin calls for more public good funding</h2> 
<p>After converting his untapped free memecoin cache, Vitalik Buterin urged the broader cryptocurrency community to engage in “more sophisticated public goods funding.” Buterin has frequently <a href="https://crypto.news/vitalik-buterin-calls-for-higher-quality-meme-coins/" target="_blank" rel="noreferrer noopener">advocated</a> for more memecoins with a public-serving end goal.&nbsp;</p> 
<p>His comments on the matter first arrived during the memecoin mania earlier this year, as creators on Ethereum and Solana flooded markets with highly speculative ideas inspired by memes.</p> 
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   <p lang="en" dir="ltr">Charity donation done, covering all animal coins from the past year or so!<br><br>That said, I appreciate it if coin holdings just get allocated to the charities directly😊<br><br>It's 2024, we can start doing more sophisticated public goods fun-ding, eg. see <a href="https://t.co/8ZVhwkVwLy" target="_blank" rel="">https://t.co/8ZVhwkVwLy</a> <a href="https://t.co/RQ1ThdLCYL" target="_blank" rel="">pic.twitter.com/RQ1ThdLCYL</a></p>— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1824034740627800121?ref_src=twsrc%5Etfw" target="_blank" rel="">August 15, 2024</a>
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<p>Contentious actors also launched racist projects, and other developers capitalized on the hype train to siphon millions in cryptocurrencies through rug pulls. Despite Buterin’s remarks, memecoins remain a cash cow for developers, service providers like Pump.fun, and well-placed investors who manage to catch skyrocketing coins.</p> 
<p>Indeed, Pump.fun revenue <a href="https://crypto.news/pump-fun-reaches-30m-in-revenue-from-solanas-meme-coin-frenzy/" target="_blank" rel="noreferrer noopener">crossed</a> $30 million in June, less than six months after its debut in January.</p> 
<p> Read more: <a href="https://crypto.news/ethereum-looks-bullish-whale-activity-declines/"> Ethereum looks bullish, whale activity declines </a> </p>

Vitalik Buterin donated $532k in ‘animal coins’ to charity

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