Ethereum (ETH) co-founder Vitalik Buterin sold the altcoins sent to his wallet and donated them to a foundation.
According to crypto analyst Ember CN's post, the vitalik.eth address belonging to Vitalik Buterin sold a total of 28 memecoins for 984,000 USDC in recent hours.
Buterin sent these USDCs to an address known to be affiliated with Kanro, a biotech charity founded by Buterin.
While some memecoins experienced a sharp decline due to their small market capitalization and weak pool depth, Buterin’s altcoin sales were as follows:
“50T DINU → 13.208 USDC; 50.48 billion ESTEE → 116.306 USDC; 300 million FREE → 30.730 USDC; 400 trillion DOBE → 16.659 USDC; 92.000 DOGE → 35.233 USDC; 23.76 trillion PLUTO → 17.262 USDC; 5 million SWKCoin → 10.479 USDC; 8047 trillion JSHIBA → 21.466 USDC; 25 billion MONKEYS → 10.752 USDC; → 27.895 USDC; 10 billion CULT → 24.224 USDC; ELONONE → 17.875 USDC; 4 trillion DOG → 86.535 USDC; 250 million EBULL → 89.232 USDC; 4.6 million Marvin → 69.219 USDC; 400 million VITALIK → 1.411 USDC; 13.88 billion units VICKY → 17.685 USDC; 70 million Neiro → 74.095 USDC; 100,000 MSTR → 61,519 USDC; 150 million Laika → 10,120 USDC; 3 million PHIL → 47,689 USDC; 20 trillion SHIBC → 32,908 USDC; 302,000 TERMINUS → 57,012 USDC; 10 million OGGIE → 15,358 USDC; 22.5 trillion JOKER → 26,371 USDC; 18.8 trillion DOGE2.0 → 27,974 USDC; 4.2 billion PEEZY → 21,211 USDC”
Some memecoins fell in response to these sales. For example, MONKEYS fell by 27%; JSHIBA fell by 65%. In contrast, ESTEE rose by 110%.
*This is not investment advice.