In a recent update, Ethereum creator Vitalik Buterin has once again made headlines for selling off meme coins, including dog-themed tokens like ESTEE and LDOG. According to blockchain data, Buterin sold 50.54 billion ESTEE coins, earning 116,306 USDC in the process. ESTEE, inspired by Shiba Inu (SHIB), saw a brief price drop after Buterin’s sale, but quickly rebounded to $0.00001903, marking a significant increase from its lowest point.
The trading volume of ESTEE also saw a substantial surge, increasing by 9141% to $3.16 million. In addition to ESTEE, Buterin also sold 340 LDOG tokens for 5.2 ETH and over 10 trillion DINU coins for 4181 USDC. These transactions have sparked discussions within the crypto community regarding Buterin’s portfolio changes and their potential impact on the market.
Buterin’s actions have had a notable impact on meme coins with smaller market caps. Tokens like $DINU experienced a 68% drop in value, while $JSHIBA lost 38% following Buterin’s sell-off. Ember monitoring reported that Buterin sold 28 different meme coins over the past five hours, generating $984,000 in USDC proceeds. These funds were then donated to Kanro, Buterin’s charity organization, aligning with his vision of using meme coins for social impact.
Vitalik Buterin’s approach to meme coins goes beyond profit-seeking, as he sees them as tools for supporting meaningful causes. By receiving unsolicited coin gifts and selling them for charitable donations, Buterin has shown a commitment to using meme coins for the greater good. Recently, his adoption of a baby pygmy hippopotamus named Moo Deng led to a 70% increase in the MOODENG meme coin.
Overall, Buterin’s actions continue to reflect his belief in the positive impact meme coins can have on society. By leveraging these tokens for charitable giving and public projects, Buterin is demonstrating a unique approach to utilizing meme coins for social good.