Ethereum co-founder Vitalik Buterin is still conducting asset sales.

Buterin has recently shifted focus from Ethereum to memecoins.

The co-founder has consistently emphasized his commitment to philanthropic endeavors.

Ethereum co-founder Vitalik Buterin has been on a sell-off streak recently, stirring his portfolios with significant asset movements that draw industry attention. For a while, Buterin dominated headlines with a series of ETH dumps, raising eyebrows across the ecosystem.

However, the co-founder has recently shifted attention to memecoins, and yet another dump suggests that the trend is far from over.

Vitalik Buterin Trims Memecoin Portfolio, Again

Another major dump from Vitalik Buterin’s memecoin portfolio has extended his ongoing sell-off streak. On October 13, 2024, analytics platform Lookonchain reported that Buterin sold a new batch of assets, netting 908.77 ETH in return. Sponsored

The sale, valued at approximately $1.61 million, follows his previous dump on October 5, when he offloaded an assorted mix of memecoins worth nearly $360,000. The latest batch included notable sales such as 10 billion $MOODENG for 395.96 ETH, 200,000 $MSTR for 93.23 ETH, and 500 million $EBULL for 73.79 ETH.

Other assets sold were 15 million $POPCAT for 27.11 ETH, 20 billion $Milo for 20.75 ETH, and 11.06 trillion $FWOG for 14 ETH. Additionally, Buterin sold 500,000 $TCATI for 12.81 ETH and 202 million $VITALIK for 5.49 ETH.

The majority of the sold assets were received as gifts, and Buterin has frequently emphasized that his sales support charity. While he has yet to comment on the recent dump, it follows closely on the heels of his latest contribution to the legal fund of an indicted industry member.

Vitalik Buterin’s Latest ETH Donation

As a vocal advocate for privacy, Vitalik Buterin has consistently shown support for the founders of the crypto mixer Tornado Cash amid their ongoing legal battles with the U.S. Department of Justice.

The support has extended to financial contributions, with the latest occurring on October 7, when he donated 100 ETH to co-founder Roman Storm’s crowdfunding campaign for legal defense. Buterin’s donation followed an initial contribution back in May, valued at around $111,000 at the time.

Buterin has also emphasized that proceeds from his frequent sales are not for personal gain but rather for contributions to projects he considers valuable.

“I haven't sold and kept the proceeds since 2018. All sales have been to support various projects that I think are valuable, either within the ethereum ecosystem or broader charity,” he stated. 

On the Flipside

Vitalik Buterin still holds a substantial amount of memecoins, suggesting that more sales may follow.

In September 2023, the Ethereum Foundation joined the ETH sell-off streak with sales of approximately 300 ETH.

Why This Matters

While the crypto industry is no stranger to asset sell-offs, major portfolio movements such as Vitalik Buterin’s memecoin dump are bound to draw attention, given their scale and his influence.

Read this article for insights into Vitalik’s 1 ETH staking minimum dream:Vitalik Champions 1 ETH Staking Minimum Dream: Here’s How It MaterializesPayment service provider Stripe is bringing back crypto payments; find out how to access the feature here:Stripe Reinstates Crypto Payments: Here’s How It Works 

.social-share-icons { display: inline-flex; flex-direction: row; gap: 8px; border-radius: 8px; border: 1px solid #dedede; padding: 8px 16px; margin-bottom: 8px; } .social-share-icons a { display: flex; color: #555; text-decoration: none; justify-content: center; align-items: center; background-color: #dedede; border-radius: 100%; padding: 10px; } .social-share-icons a:hover { background-color: #F7BE23; fill: white; } .social-share-icons svg { width: 24px; height: 24px; }