Ethereum

SPX6900

Solana

Foundation

Read

<p class="is-style-lead">Vitalik Buterin appears to have sold 10 billion MOODENG tokens and donated over $640,000 worth of crypto to his biotech charity fund.</p>
<p><a rel="noopener noreferrer nofollow" href="https://crypto.news/tag/ethereum/">Ethereum</a> co-founder <a href="https://crypto.news/tag/vitalik-buterin/" target="_blank" rel="noopener noreferrer nofollow">Vitalik Buterin</a> has sold 10 billion (<a href="https://crypto.news/price/moo-deng/" target="_blank" rel="noopener noreferrer nofollow">MOODENG</a>) tokens, donating the proceeds to his biotech fund Kanro, while advocating for memecoins to maximize positive impact through charitable contributions.</p>
<p>According to <a href="https://x.com/lookonchain/status/1843266332940492925" target="_blank" rel="noopener noreferrer nofollow">on-chain data</a> from blockchain analytics firm Lookonchain, the sale brought in 308.69 ETH, worth about $762,000, of which Buterin donated 260.16 ETH (around $642,000) to his biotech fund Kanro.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">I appreciate all the memecoins that donate portions of their supply directly to charity.<br><br>(eg. I saw ebull sent a bunch to various groups last month)<br><br>Anything that gets sent to me gets donated to charity too (thanks moodeng! The 10B from today is going to anti-airborne-disease…</p>— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1843260976206082216?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 7, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Following the trade, Buterin addressed the sale on X, expressing support for memecoins that contribute to charitable causes. He mentioned that any tokens sent to him are donated to charity, including the MOODENG tokens, which he allocated to anti-airborne disease technology.</p>
<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/another-vitalik-buterin-funded-wallet-dumps-1300-eth-in-11-days/"> Another Vitalik Buterin funded wallet dumps 1,300 ETH in 11 days </a></p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">I appreciate all the memecoins that donate portions of their supply directly to charity.<br><br>(eg. I saw ebull sent a bunch to various groups last month)<br><br>Anything that gets sent to me gets donated to charity too (thanks moodeng! The 10B from today is going to anti-airborne-disease…</p>— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1843260976206082216?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 7, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 <p>“I’ve said before that I think the best thing for memecoins is if they can be maximally positive-sum for the world, so it’s great to see moments when that actually happens!”</p>
 <p>Vitalik Buterin</p>
</blockquote>
<h2 class="wp-block-heading" id="moodeng-tanks-20-following-buterin-s-sale">MOODENG tanks 20% following Buterin’s sale</h2>
<p>Despite Buterin’s clarification, the sale caused concern among crypto holders, triggering a 20% drop in MOODENG’s price to $0.10.</p>
<p>Co-founded by Buterin, Kanro directs resources to pandemic solutions, particularly in low-income countries, with a focus on open-source or IP-free projects. In November 2023, Kanro <a href="https://www.biospace.com/polybio-research-foundation-receives-15m-for-extended-long-covid-research-and-clinical-trials" target="_blank" rel="noopener noreferrer nofollow">gifted</a> $15 million to the PolyBio Research Foundation to focus research and clinical trials on SARS-CoV-2.</p>
<p>MOODENG, a memecoin launched on <a href="https://crypto.news/price/solana/" target="_blank" rel="noopener noreferrer nofollow">Solana</a> through Pump.fun, was inspired by Moo Deng, a baby pygmy hippopotamus from Thailand. The token has quickly gained traction, amassing over 18,000 holders and surpassing a $100 million market cap, with $145 million in 24-hour trading volume.</p>
<p>Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/moo-deng-neiro-spx6900-surge-as-fear-and-greed-index-hits-42/"> Moo Deng, Neiro, SPX6900 surge as fear and greed index hits 42 </a></p>

Ethereum’s Buterin dumps 10b MOODENG tokens, donates $640k to his charity fund

Table of Contents

crypto.news

Other articles published on Oct 7, 2024

Blake3 Becomes the Most Profitable Algorithm for Crypto Miners, Surpassing Kheavyhash

Kraken Expands European Reach with Acquisition of Dutch Crypto Broker BCM

Qubetics Hits Over $1 Million Presale Mark As Gnosis Price Surges, and Solana Dominates DeFi – Th...

Michi Price Prediction: MICHI Pumps 14%, But Traders Say Consider This PEPE 2.0 ICO For Parabolic...

Binance Secures Regulatory Approval in Argentina, Offering Full Crypto Services to Local Users

Can Dogwifhat (WIF) Hit All-Time High Before October Ends?

Join our free newsletter for daily crypto updates!