Buterin Sells MOODENG Memecoins and Donates Proceeds to Charity

Ethereum co-founder Vitalik Buterin sold 10 billion MOODENG memecoins for 308.7 ETH (approximately $765,576 at current rates) using Cow Swap and transferred 260.15 ETH to charity.

He still holds 40 billion MOODENG (approximately $4.32 million).

Previously, the developer exchanged several memecoins, including:

• 70.71 million Neiro;
• 11.76 billion MOODENG;
• 7.8 million DEGEN;
• 16.03 billion KABOSU.

Just In: Vitalik exchanged some Memecoins into his wallet for about 140.6 ETH in 30 minutes, worth about $340k, including: 100,000 USDT (donated by CATE project); 70.71 million Neiro; 11.76 billion MOODENG; 7.8 million DEGEN; 16.03 billion KABOSU. @EmberCN https://t.co/IxiJpOrtXZ

— Wu Blockchain (@WuBlockchain) October 5, 2024

Buterin noted his appreciation for memecoin creators who donate part of their tokens to charity.

I appreciate all the memecoins that donate portions of their supply directly to charity.

(eg. I saw ebull sent a bunch to various groups last month)

Anything that gets sent to me gets donated to charity too (thanks moodeng! The 10B from today is going to anti-airborne-disease…

— vitalik.eth (@VitalikButerin) October 7, 2024

“Anything sent to me gets donated to charity too (thanks moodeng! Today’s 10 billion will go towards technology to combat airborne diseases). Though I would prefer if you guys sent money directly. Maybe even create a DAO and involve your community in decision-making and the process,” he remarked.

In October, Buterin donated 100 ETH (~$242,000) to the legal defense fund for Tornado Cash developers Alexey Pertsev and Roman Storm.

Earlier in September, he suggested developing a set of metrics to measure how well projects align with Ethereum’s values.