Ethereum co-creator Vitalik Buterin has converted another $1.6 million worth of memecoins that he was sent into Ether (ETH) which he previously promised would be donated to charities.
The sale included $982,800 worth of Moo Deng (MOODENG), $231,000 of Monsterra (MSTR) and $183,000 of ETHEREUM IS GOOD (EBULL), blockchain analytics firm Spot On Chain noted in an Oct. 13 X post.
Buterin also offloaded holdings of Popcat (POPCAT), Fwog (FWOG) and vitalek buteren (VITALIK).
He’s now converted $2.78 million worth of memecoins into Ether and donated $884,000 worth to charities over the last nine days, Spot On Chain said on Oct. 13.
Buterin praised memecoin issuers for sending him coins to donate but suggested they consider donating directly instead.
On Oct. 7, Buterin said in an X post that he was donating all 10 billion memecoin tokens he received to an organization working on anti-airborne-disease technology.
On Aug. 15, Buterin donated all the animal-themed memecoins he had received over the last 12 months to Effective Altruism Funds’ Animal Welfare Fund.
More donations from Buterin should be on the way too.
His $700 million crypto portfolio still consists of $2.4 million in MOODENG tokens, $144,000 in Neiro (NEIRO), $117,000 in MSTR and $80,000 in Degen (DEGEN), Spot On Chain’s data shows.
Buterin has long held that memecoins can positively contribute to society by funding important public projects or even allowing people from lower-income countries to earn a living.
Meanwhile, Buterin has slammed celebrity-themed memecoins that only intend to enrich the celebrity and early investors.
Related: Everything HBO’s Bitcoin doc got wrong about Peter Todd and Satoshi
Buterin’s name was recently thrown in the ring to take out the Nobel Prize in Economic Sciences for 2024 by economists Tyler Cowen and Alex Tabarrok.
“Vitalik built a platform, created a currency, you could say, refuted Mises’ regression theorem in the process, obviously following in the footsteps of Satoshi, but my goodness, what does someone have to do to get a Nobel Prize,” Cowen said during an Oct. 8 episode of the duo’s Marginal Revolution podcast.
Tabarrok expressed his agreement, adding: “Not only that, but Vitalik has continued to contribute toward the mechanism design of Ethereum by going to proof-of-stake.”
Magazine: Memecoins: Betrayal of crypto’s ideals… or its true purpose?
