Ethereum Co-Founder Vitalik Buterin Converts Meme Coins into ETH, Donates $1.07M to Coin Center
Vitalik Buterin, the co-founder of Ethereum, recently converted some meme coins he received into 22.89 ETH. He then donated 320 ETH, approximately $1.07 million, to Coin Center, a well-known cryptocurrency policy advocacy organization.
Buterin’s actions highlight his views on meme tokens and his dedication to crypto education. He encourages initiatives that drive policy development in the industry. Let’s take a look at the top meme coins that are gaining traction in the current bullish market.
Vitalik Buterin’s decision to sell the meme coins he received and convert them into ETH reflects his stance on these tokens. He received the coins for free, as per data from Arkham Intelligence. Buterin, much like Changpeng Zhao, advises against sending meme tokens to his wallet and suggests donating the funds to impactful causes instead.
Following the sale of the meme coins, Buterin made a significant donation of 320 ETH to Coin Center. This contribution underscores his commitment to promoting ethics in the blockchain space and advocating for regulatory clarity.
Coin Center, based in Washington D.C., is a leading advocacy group focused on cryptocurrency policy. The non-profit organization works to protect individuals’ rights to create, use, and operate open blockchain networks like Bitcoin and Ethereum. Buterin’s donation is expected to bolster Coin Center’s efforts in defending decentralized technology and fostering innovation.
In the context of Ethereum’s price, the cryptocurrency is currently trading at $3,426, experiencing a slight dip in the past 24 hours. With a market cap of $408 billion and a trading volume of $40 billion, Ethereum holds a market dominance of 12.8%, solidifying its position as the second-largest cryptocurrency by market capitalization.
In other news, NYSE Arca has filed a proposal for Bitwise’s Ethereum ETP, indicating growing interest in Ethereum-based financial products and institutional involvement in the Ethereum market.
Recently, Vitalik Buterin also purchased ANON tokens of Anoncast for posting anonymously on the Farcaster account.
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