Vitalik Buterin, the co-founder of Ethereum, has sold another $1.6 million in memecoins that he was promised for charity. This brings the total amount of memecoins he has sold to over $2.3 million.
Buterin has been selling memecoins that he was given in exchange for promoting them on social media. He has said that he plans to donate the proceeds to charity.
In his latest sale, Buterin sold Shiba Inu (SHIB), Dogecoin (DOGE), and Floki Inu (FLOKI). He has also sold other memecoins, such as Baby Doge Coin (BABYDOGE) and Akita Inu (AKITA).
Buterin has been criticized for selling memecoins that he was given for free. Some people have argued that he should have held onto the coins, as they could have appreciated in value.
Vitalik Buterin (@VitalikButerin) sold 8 more #memecoins for 651.6 $ETH ($1.62M) in the past hour!
They include:
• 10B #MOODENG ($982K) for 395.95 $ETH
• 200K $MSTR ($231K) for 93.23 $ETH
• 500M $EBULL ($183K) for 73.79 $ETH
• 15M $POPCAT ($67.2K) for 27.11 $ETH
• 31.4T… https://t.co/tuRpJiuDYP pic.twitter.com/Wtdy3gPYWU— Spot On Chain (@spotonchain) October 13, 2024
Buterin has defended his decision to sell the memecoins. He has said that he believes it is important to support charities and that he does not want to be seen as endorsing memecoins.
