Vitalik Buterin Starts Selling Again: Sold All 5 Altcoins in His Wallet
Ethereum founder Vitalik Buterin has sold off all 5 different altcoins, according to onchain data.
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
FTX plans to start reimbursing creditors by January 2025
1MCHEEMSUSDT now launched for futures trading and trading bots
Bitget has launched 1MCHEEMSUSDT for futures trading with a maximum leverage of 20, along with support for futures trading bots, on November 25, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. 1MCHEEMSUSDT-M perpetual futures: Parameters Details
Token listing: Instantly buy/sell BTC with EUR & BRL via cash conversion!
Bitget users can now instantly buy or sell BTC with EUR or BRL balances via cash conversion! Buy/Sell Crypto Tips: Enjoy a transaction fee rebate in USDT on your first cash conversion transaction! Additional perks >>> Flash Monday: Buy crypto with a credit/debit card for zero fees >>> Flash Thursda
Orbiter Finance collaborates with the Ethereum Foundation and the University of California, Santa Barbara to enhance the security model of bridging p
Since its establishment in 2021, Orbiter has been deeply exploring security, aiming to become a reliable infrastructure in the cross-chain field.
Trending news
MoreCrypto prices
More
