In a rapid series of transactions, Ethereum co-founder Vitalik Buterin swapped several memecoins from his wallet for around 140.6 ETH, worth around $340,000, in 30 minutes.
The assets included in the swap included various tokens such as 100,000 USDT (donated by the CATE project), 70.71 million Neiro, 11.76 billion MOODENG, 7.8 million DEGEN, and 16.03 billion KABOSU.
These altcoins were tokens gifted to Vitalik Buterin by the creators of the memecoins in question. Similarly, Buterin donated SHIB tokens gifted to him during the time when Shiba Inu (SHIB) was very popular, to a hospital in India.
These moves follow an earlier transfer in August in which Buterin reportedly sent around $10 million worth of ETH to wallets associated with crypto exchanges, an action that fueled speculation in the crypto community.
Buterin has said that none of the ETH sales were for personal wealth acquisition, arguing that they were instead sold for either philanthropic projects or investment in projects he saw as having potential.
*This is not investment advice.
