Ethereum co-founder Vitalik Buterin today converted some meme coins he received into 22.89 ETH. He then donated 320 ETH, or approximately $1.07 million, to Coin Center, a leading cryptocurrency policy advocacy organization.
Buterin’s actions reflect his stance on these tokens and his commitment to crypto education. It supports initiatives that stimulate policy development. Check the best coins making waves in this bull market.
Vitalik Buterin Converts Free Meme Coins to ETH
On November 27, blockchain data tracker Lookonchain revealed that Buterin had sold several meme cryptocurrencies transferred to his wallet. In return, he received 22.89 ETH, worth approximately $76,500. According to Arkham Intelligence data Vitalik Buterin received these pieces for free.
Buterin similar to Changpeng Zhao discouraged meme tokens to send tokens to his wallet. Instead, he recommends donating these funds directly to important causes.
Following the meme coin sale, Vitalik Buterin donated 320 ETH (worth $1.07 million) to Coin Center. This contribution highlights Buterin’s commitment to promoting ethics in the blockchain space. It remains committed to advancing regulatory clarity.
Coin Center based in Washington, DC, is a leading cryptocurrency policy advocacy group. The non-profit organization focuses on protecting individual rights to create, use and operate open blockchain networks like Bitcoin and Ethereum.
It accomplishes its mission by producing policy research, educating policymakers, and advocating for balanced legislation. She also advocates for the defense of civil liberties in the digital age. Vitalik Buterin’s donation is expected to strengthen the organization’s efforts to champion decentralized technology and promote innovation.
Ethereum Price Background
Ethereum (ETH) Price is trading at $3,426, experiencing a slight decline over the past 24 hours. Its daily minimum and maximum range from $3,255 to $3,443. Ethereum’s market capitalization stands at $408 billion, with a trading volume of $40 billion over the past day. The cryptocurrency dominates the market by 12.8%, cementing its position as the second largest cryptocurrency by market capitalization.
Additionally, NYSE Arca filed a 19b-4 proposal for Bitwise Ethereum ETP. The move highlights the growing interest in Ethereum-based financial products. This demonstrates growing institutional involvement in the Ethereum market.
Recently, the co-founder of Ethereum Vitalik Buterin bought ANON tokens from Anoncast for posting anonymously to the Farcaster account.
Quince stick
CoinGape includes an experienced team of native content writers and editors working around the clock to cover global news and present news as fact rather than opinion. CoinGape writers and journalists contributed to this article.
Disclaimer: Content presented may include the author’s personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
✓ Share: