Ethereum Founder Vitalik Buterin Makes Over $600,000 Profit in Meme Coins - Coincu
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LIVE UPDATES • Ethereum Founder Vitalik Buterin Makes Over $600,000 Profit in Meme Coins • Qubetics Kicks Off a New Era with a Successful Presale—Can Ecochain and Bittensor Maintain the Momentum? • Empowering Investors: Qubetics Presale Offers 1800% ROI Potential Amid EOS and Quant Advancements • Qubetics Empowers Users With Non-Custodial Wallet Amid Aave’s Innovations And Theta’s Video Revolution • Former FTX Exec Ryan Salame Begins 7.5-Year Prison Term • Bittensor & Pepe Prices Ascend as BlockDAG Secures a Monumental $10M in Its Presale Over 72 Hours • Karate Combat UP L2 Launch Built on Hedera Network • James Howells Sues Council for $647M Over Lost Bitcoin Drive • Should You Sell Solana and Avalanche to Buy RCO Finance? Analyst Says RCOF Will Trend Higher than SOL and AVAX Did in 2021 • Qubetics is among the best crypto Presales with $1.2M, while Near Protocol and Earth Meta show momentum
News Ethereum Founder Vitalik Buterin Makes Over $600,000 Profit in Meme Coins 3 mins ago - Around 2 mins mins to read
Key Points:
Ethereum founder Vitalik Buterin sold several meme tokens, earning 257.1 ETH.
Buterin’s actions have sparked debate in the crypto community, with critics warning that meme coins could pose risks to investors.
According to blockchain data, Ethereum founder Vitalik Buterin recently sold a large chunk of meme coins, which fetched him 257.1 ETH, valued at about $636,000.
Read more: FTX Bankruptcy Plan Guarantees Full Repayment with Interest
Ethereum Founder Vitalik Buterin Sells Meme Tokens, Earns $636K in ETH
Once more, Vitalik Buterin has stirred activity within the cryptocurrency community amid worries over the dangers that investments in meme coins could mean for retail investors.
According to blockchain tracking platform Lookonchain, he sold a number of meme tokens, including 330,000 MSTR, 14 million POPCAT and 14 billion ITO, but not only. He was actually continuing a tradition of selling or giving away all unsolicited tokens he was sent. The list of the latest transactions included leading meme tokens, among them Milo, SATO, and ETH6900. Buterin has mentioned at least once that he donates funds from such token sales to charity.
This is not a surprise, really, since he has been saying this before. Previously, he had stated that unsolicited tokens would either be sold or donated. The founder of Ethereum further gave a few examples of the tokens that were into charity work. EBULL and MOODENG were some of them.
Buterin Calls for Balanced Ethereum Fee Models
Buterin’s action has revived debates in the crypto space about investments in meme coins. Critics are complaining that, without details of most of the meme coin projects, such projects sometimes expose investors to questionable assets. Some projects may take advantage of charity donations as means of marketing to attract funds while exposing the buyers to unpredictable risks.
On a separate note, Ethereum founder Vitalik Buterin weighed in on the controversy surrounding the fees around the Ethereum Layer-1/ Layer-2 ecosystem, citing the need for far-fair and stable fees to make it worthwhile to use the network.
Buterin himself spoke to the examination of EIP-7762 and rollups for answers as to ways in which better balance may be struck, fee-sharing-wise, between Ethereum’s main network and Layer 2 solutions with minimal disruption for end-users on the network.
EBULL Ethereum Ethereum Founder Vitalik Buterin Meme coins MOODENG Vitalik Buterin
Author Harold
With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
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News
Ethereum Founder Vitalik Buterin Makes Over $600,000 Profit in Meme Coins
Key Points:
Ethereum founder Vitalik Buterin sold several meme tokens, earning 257.1 ETH.
Buterin’s actions have sparked debate in the crypto community, with critics warning that meme coins could pose risks to investors.
According to blockchain data, Ethereum founder Vitalik Buterin recently sold a large chunk of meme coins, which fetched him 257.1 ETH, valued at about $636,000.
Read more: FTX Bankruptcy Plan Guarantees Full Repayment with Interest
Ethereum Founder Vitalik Buterin Sells Meme Tokens, Earns $636K in ETH
Once more, Vitalik Buterin has stirred activity within the cryptocurrency community amid worries over the dangers that investments in meme coins could mean for retail investors.
According to blockchain tracking platform Lookonchain, he sold a number of meme tokens, including 330,000 MSTR, 14 million POPCAT and 14 billion ITO, but not only. He was actually continuing a tradition of selling or giving away all unsolicited tokens he was sent. The list of the latest transactions included leading meme tokens, among them Milo, SATO, and ETH6900. Buterin has mentioned at least once that he donates funds from such token sales to charity.
This is not a surprise, really, since he has been saying this before. Previously, he had stated that unsolicited tokens would either be sold or donated. The founder of Ethereum further gave a few examples of the tokens that were into charity work. EBULL and MOODENG were some of them.
Buterin Calls for Balanced Ethereum Fee Models
Buterin’s action has revived debates in the crypto space about investments in meme coins. Critics are complaining that, without details of most of the meme coin projects, such projects sometimes expose investors to questionable assets. Some projects may take advantage of charity donations as means of marketing to attract funds while exposing the buyers to unpredictable risks.
On a separate note, Ethereum founder Vitalik Buterin weighed in on the controversy surrounding the fees around the Ethereum Layer-1/ Layer-2 ecosystem, citing the need for far-fair and stable fees to make it worthwhile to use the network.
Buterin himself spoke to the examination of EIP-7762 and rollups for answers as to ways in which better balance may be struck, fee-sharing-wise, between Ethereum’s main network and Layer 2 solutions with minimal disruption for end-users on the network.
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Key Points:
Ethereum founder Vitalik Buterin sold several meme tokens, earning 257.1 ETH.
Buterin’s actions have sparked debate in the crypto community, with critics warning that meme coins could pose risks to investors.
According to blockchain data, Ethereum founder Vitalik Buterin recently sold a large chunk of meme coins, which fetched him 257.1 ETH, valued at about $636,000.
Read more: FTX Bankruptcy Plan Guarantees Full Repayment with Interest
Ethereum Founder Vitalik Buterin Sells Meme Tokens, Earns $636K in ETH
Once more, Vitalik Buterin has stirred activity within the cryptocurrency community amid worries over the dangers that investments in meme coins could mean for retail investors.
According to blockchain tracking platform Lookonchain, he sold a number of meme tokens, including 330,000 MSTR, 14 million POPCAT and 14 billion ITO, but not only. He was actually continuing a tradition of selling or giving away all unsolicited tokens he was sent. The list of the latest transactions included leading meme tokens, among them Milo, SATO, and ETH6900. Buterin has mentioned at least once that he donates funds from such token sales to charity.
This is not a surprise, really, since he has been saying this before. Previously, he had stated that unsolicited tokens would either be sold or donated. The founder of Ethereum further gave a few examples of the tokens that were into charity work. EBULL and MOODENG were some of them.
Buterin Calls for Balanced Ethereum Fee Models
Buterin’s action has revived debates in the crypto space about investments in meme coins. Critics are complaining that, without details of most of the meme coin projects, such projects sometimes expose investors to questionable assets. Some projects may take advantage of charity donations as means of marketing to attract funds while exposing the buyers to unpredictable risks.
On a separate note, Ethereum founder Vitalik Buterin weighed in on the controversy surrounding the fees around the Ethereum Layer-1/ Layer-2 ecosystem, citing the need for far-fair and stable fees to make it worthwhile to use the network.
Buterin himself spoke to the examination of EIP-7762 and rollups for answers as to ways in which better balance may be struck, fee-sharing-wise, between Ethereum’s main network and Layer 2 solutions with minimal disruption for end-users on the network.
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