Vitalik Buterin sells 28 different tokens for nearly $1M USDC

In a latest development, Ethereum founder Vitalik Buterin is once again on a meme-coin dumping spree, as he dumped a few dog-themed meme coins like ESTEE, LDOG, etc. recently. , according to blockchain data. Specifically, ESTEE is a dog-themed meme base specifically inspired by Shiba Inu (SHIB).

After Vitalik Buterin sold ESTEE coins, the price fell for a short time but quickly recovered to $0.00001903, gaining more than 200% and almost 8 times from its lowest level of $0.0000023. Also, its transaction volume increased by an incredible 9141%, reaching $3.16 million.

In addition, ESTEE, Buterin also canceled other memecoins. In the last 24 hours, he sold 340 LDOG tokens for 5.2 ETH and more than 10 trillion DINU coins for 4181 USDC, sparking discussions in the crypto community about his portfolio changes and the impact that they may have on the market.

Market Effect

According to a recent X post by Ember research, Buterin has sold 28 different meme coins over the past five hours. This sale has reportedly earned him $984,000 worth of USDC in cash, which he has then donated to the Kanro address, his charity. The move aligns with his vision of using meme coins for social impact.

Buterin's recent sell-off has affected small-cap indices in the market, causing a sharp drop in prices. $DINU fell 68%, while $JSHIBA lost 38% of its value.

Buterin: Meme Coins for Charity and Social Good

Vitalik has been receiving coins from various crypto projects as gifts and from time to time selling them, donating the money. Recently, he also became the foster parent of a baby pygmy hippopotamus named Moo Deng, which caused the MOODENG meme base to increase by 70%.

Buterin looks at meme coins as tools to support meaningful causes. He believes that they can have a positive impact on society by funding public projects and helping people in low-income areas. His actions continue to reflect this belief, as he turns unwanted meme deposits into opportunities for charitable donations.