- Buterin made 257.1 ETH, or almost $636,000, from the sale of several meme coins.
- Recently, Buterin praised the charitable contributions of two meme coin projects.
According to blockchain statistics, Vitalik Buterin—co-founder of Ethereum—has made 257.1 ETH, or almost $636,000, from the sale of several meme coins. Given the recent gifts of meme coins, which caused alarm among cryptocurrency community members about possible risks to investors, Buterin’s conduct has garnered attention.
Buterin allegedly sold many meme coins that were given to him for free, according to blockchain data. There were 330,000 MSTR sold for 114.1 ETH ($282,000), 14 million POPCAT sold for 74.99 ETH ($186,000), and 14 billion ITO sold for 36.55 ETH ($90,000).
Additionally, 1.05 million ETH6900 sold for 15.37 ETH ($38,000), 50.53 billion SATO for 11.34 ETH ($28,000), and 10 billion Milo for 4.77 ETH ($12,000) were all sold.
Less Admirable Endeavors
In keeping with his earlier statements, Vitalik Buterin plans to sell or donate any tokens that are given to him without his asking. This includes these tokens. Although his dealings are consistent with this objective. They have prompted questions about whether or not they promote less admirable endeavors.
Recently, the co-founder of Ethereum praised the charitable contributions of two meme coin projects—EBULL and MOODENG—on X.
He went on to say that the organization would be benefiting from the tokens delivered to his address. For example, Buterin said that the MOODENG token was investing in technologies to combat airborne diseases.
It was around this time that Vitalik Buterin shared his views on the ongoing community discussions surrounding the layer 1 and layer 2 fee structures for Ethereum. To begin balancing the fee distribution between the main network and Layer 2 solutions. Buterin advised that Ethereum consider EIP-7762 and base rollups.
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Source: https://thenewscrypto.com/vitalik-buterins-meme-coin-sale-raises-eyebrows-amid-investor-concerns/