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<p class="is-style-lead">Ethereum co-founder Vitalik Buterin is selling various meme coins he received for free.</p>
<p>According to on-chain analysis by Lookonchain, Buterin’s recent transactions netted him 908.77 Ethereum (ETH). This is equivalent to approximately $2.24 million at the current price of Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>).</p>
<h3 class="wp-block-heading" id="buterin-s-largest-sale">Buterin’s largest sale</h3>
<p>The blockchain data reveals that Buterin sold tokens from several meme coin projects, digital assets launched explicitly as a joke.</p>
<p>The largest sales came from 10 billion MOODENG tokens. The single sale brought in 395.96ETH ($976,000).</p>
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   <p lang="en" dir="ltr">vitalik.eth(<a href="https://twitter.com/VitalikButerin?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@VitalikButerin</a>) sold some memecoins for 651.67 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>($1.61M) again 1 hour ago!<br><br>In the past 12 hours, <a href="https://twitter.com/hashtag/vitalik?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#vitalik</a> got a total of 908.77 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>($2.24M) by selling memecoins received for free.<br><br>Sold 10B $MOODENG for 395.96 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>($976K).<br>Sold 200K <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$MSTR</a> for 93.23 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>($231K).… <a rel="noopener noreferrer nofollow" href="https://t.co/fE1NTyu9k9" target="_blank">pic.twitter.com/fE1NTyu9k9</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1845282440098828537?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 13, 2024</a>
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<p>In addition, he sold 200k MSTR for 93.23 ETH ($231,000), 500 million EBULL for 73.79 ETH ($182,000), and 15 million Popcat (<a href="https://crypto.news/price/popcat/" target="_blank" rel="noopener noreferrer nofollow">POPCAT</a>), which made him 27.11 ETH ($67,000).</p>
<p>Other notable sales included:</p>
<ul class="wp-block-list">
 <li>20 billion MILO for 20.75 ETH ($51,000)</li>
 <li>11.06 trillion FWOG for 14 ETH ($35,000)</li>
 <li>500k TCATI for 12.81 ETH ($32,000)</li>
 <li>20.35 trillion FWOG for 8.53 ETH ($21,000)</li>
 <li>202 million VITALIK for 5.49 ETH ($14,000)</li>
 <li>14 billion ITO tokens for 36.55 ETH ($90,000)</li>
 <li>1.05 million ETH6900 tokens for 15.37 ETH ($38,000)</li>
 <li>50.53 billion SATO tokens for 11.34 ETH ($28,000)</li>
</ul>
<h3 class="wp-block-heading" id="buterin-appreciates-meme-coins">Buterin appreciates meme coins</h3>
<p>This sell-off comes in the wake of Buterin’s previous statements expressing appreciation for meme coins that donate portions of their supply directly to charity.</p>
<p>In a recent <a href="https://x.com/VitalikButerin/status/1843260976206082216" target="_blank" rel="noopener noreferrer nofollow">tweet</a>, Buterin stated, “I appreciate all the meme coins that donate portions of their supply directly to charity. Anything that gets sent to me gets donated to charity too.”</p>
<p>Buterin’s tweet also revealed that a donation of 10 billion Moodeng tokens would be directed towards anti-airborne-disease technology.</p>
<p>Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/mrbeast-promotes-low-cap-tokens-10m-crypto-watchdog/"> YouTuber MrBeast earned over $10m promoting low-cap tokens, on-chain crypto investigator says </a></p>
<p>However, he stressed his preference for projects to send donations directly to charities. Buterin also suggested that communities could even create&nbsp; decentralized autonomous organizations to engage in the decision-making process for charitable giving.</p>
<p>The Ethereum co-founder has long been an advocate for using cryptocurrency for social good.</p>
<p>In a tweet, Buterin reiterated his stance on meme coins, stating, “I’ve said before that I think the best thing for meme coins is if they can be maximally positive-sum for the world, so it’s great to see moments when that actually happens!”</p>
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  <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>
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<h3 class="wp-block-heading" id="meme-coin-selling-spree">Meme coin selling spree</h3>
<p>Buterin’s recent selling spree comes amidst the surge in the value of several meme coins. Despite a slow-paced overall market, meme coins are leading the charge with a notable surge.</p>
<p>Several factors are contributing to this rise, including market sentiment. A broader crypto market recovery, often dubbed “<a rel="noopener noreferrer nofollow" href="https://crypto.news/uptober-cryptocurrencies-bounce-heading-into-octobers-first-weekend/">Uptober</a>,” has rekindled investor interest in meme coins.</p>
<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/mrbeast-promotes-low-cap-tokens-10m-crypto-watchdog/"> YouTuber MrBeast earned over $10m promoting low-cap tokens, on-chain crypto investigator says </a></p>
<p>There’s also an uptick in retail investor interest. Retail traders are driving much of the demand, looking for the next big meme coin success — reminiscent of past surges like those of Dogecoin (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/dogecoin/">DOGE</a>) and Shiba Inu (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/shiba-inu/">SHIB</a>) — which is helping fuel the surge​.</p>
<h3 class="wp-block-heading" id="political-price-pumps">Political price pumps</h3>
<p>As overall market sentiment improves, traders are looking at meme coins for quick gains, leading to notable price increases among irreverent tokens like Dark Maga and the so-called Department of Government Efficiency (DOGE). Both coins surged by over 100% only to plummet in a matter of days.</p>
<p>Meme coins linked to prominent public figures or political movements such as these experience price pumps, but are also among the most volatile.</p>
<p>For example, tokens like MAGA (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/maga/">TRUMP</a>) have surged following recent <a rel="noopener noreferrer nofollow" href="https://crypto.news/dark-maga-coin-spikes-elon-musk-trump-rally-speech/">events</a> involving X.com owner Elon Musk and former President Donald Trump.</p>
<p>Over the past 24 hours, the price of TRUMP has moved by -13.18% and is currently at $4.15.</p>
<p>The 24-hour trading volume for MAGA stands at $9,192,743. Over the past year, the Trump-inspired token has experienced a 33975.93% change in price.</p>
<p>Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/aptos-surges-20-percent-24-hours-6-month-high/"> Aptos surges 20% in 24 hours, open interest reaches 6-month high </a></p>

Vitalik Buterin dumps Popcat and other meme coins, makes $2.24m

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