Founder of Ether, Buterin, is dumping meme coins in a big way! Taking millions of dollars to do charity

Ethereum co-founder Vitalik Buterin once again proves through action that Blockchain is not only a technological revolution, but also a powerful tool for promoting public welfare. According to data tracked by Arkham Research, Vitalik Buterin recently cashed out numerous meme coins airdropped to his public Wallet. So far, he has sold dozens of tokens, including DOG, SHIB, CULT, and other well-known coins, as well as obscure tokens themed around celebrities like Musk (Elon Musk), receiving a total of approximately 2.5 million USDC and Ether coins.

The project party 'gives away coins to ride the heat', but Vitalik Buterin 'resolves absurdity' with public welfare.

In recent years, many meme coin projects have been giving a portion of their tokens to Vitalik Buterin during the initial launch, claiming it's out of admiration for the Ethereum ecosystem. However, it has actually evolved into a common marketing tactic used by project teams. This marketing approach was first pioneered by Shiba Inu (SHIB) coin.

However, Vitalik Buterin usually sells all these 'unsolicited' Tokens and then donates the proceeds to charitable organizations. He has also repeatedly urged project parties not to send him Tokens without authorization, and it is better to donate the Tokens directly to charitable organizations instead of transferring them to his address.

Back in 2021, Vitalik Buterin once sold over $60 million worth of SHIB and other meme coins in one go, and donated all the proceeds to longevity research, the AI alliance, and pandemic-related research institutions. This not only caused a sensation in the market but also made Vitalik Buterin a model of public welfare in the currency circle.

Vitalik Buterin's Wallet holds nearly 9 billion US dollars

According to on-chain data, the estimated value of Vitalik Buterin's public wallet (vitalik.eth) holdings is nearly $900 million, with hundreds of different currencies, the majority of which were gifted and many of the tokens are almost worthless.

However, Vitalik Buterin's main asset is still Ether, with a current holding of 240,095 coins worth approximately $873 million. In addition, he also holds millions of dollars worth of Aave derivative token AETH, 1 billion WhiteRock platform coins WHITE, and nearly $100 million worth of WETH. Please provide the text to be translated. However, these fortunes did not stop Vitalik Buterin from pushing forward with his philanthropic efforts. Yesterday (6), he successively transferred various meme tokens to trading platforms, including CoW Swap, Uniswap, and Kyber Network, and even used the cross-chain DEX aggregator Odos. Please provide the text to be translated. It is still unknown whether Vitalik Buterin's large-scale sell-off of Dobermann (DOBE) has had an impact on the coin price due to the low trading volume of some tokens. However, what is certain is that after he sold trillions of DOBE, the token actually rose against the trend, becoming a major market story. Please provide the text to be translated. On-chain data shows that the main purpose of Vitalik Buterin's large-scale sale of meme coins for cash is to provide funding support for Kanro, a charity fund he established. Please provide the text to be translated. Kanro was originally established in response to the new crown epidemic, and has now gradually expanded to more public welfare fields. In addition, he recently donated to the charity organization RiseUp, which focuses on privacy protection, demonstrating his continued commitment to public welfare.

The article 'Ethereum founder Buterin sells meme coins on a large scale! Millions of dollars all go to charity' was first published in Block客.