Vitalik Buterin Donation of 100 ETH Following Meme Coin Sale

Ethereum co-founder Vitalik Buterin has once again caught the attention of the crypto world by selling a large amount of meme coins and USDT that he acquired through an airdrop.

Ethereum co-founder Vitalik Buterin has sold a large amount of meme coins and USDT that he acquired through an airdrop, sparking discussion in the crypto community about his intentions behind the transaction.

According to Spotonchain, Buterin exchanged meme coins such as MOODENG, DEGEN, Neiro, and Kabosu, as well as stablecoin USDT, for a total of around 140.6 ETH, or roughly $340,000. The transaction was completed quickly, taking only 30 minutes.

After selling the coins, Vitalik donated 100 ETH (around $242,000) to the “Free Alexey & Roman” campaign, which supports the legal defense of embattled Tornado Cash developers Alexey Pertsev and Roman Storm.

Some crypto projects are viewing this as an opportunity to add value, as in the case of MOODENG, which still has 50 billion tokens left in Vitalik’s wallet, valued at over $1 million.

notably, Buterin also moved 649 ETH to Paxos a few days earlier, which is valued at $1.79 million. Large transactions like this usually affect the price of Ether in the market, although the impact is sometimes not immediately felt.

Interestingly, several meme coins that Buterin sold have increased in value as a result of his activity. Neiro, one of the meme coins he sold, experienced a significant price increase of up to 200% after previously dropping 60% when Buterin sold the token.

This highlights the influence that key figures like Buterin have on the volatility of the crypto market, especially in the meme coin sector, which is highly speculative.

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