Ethereum Co-Founder Vitalik Buterin Sells Meme Coins Worth $2.24 Million, Including POPCAT, MOODENG And FWOG

Ethereum
co-founder


Vitalik
Buterin

netted
$2.24
million
in
ETH
over
the
weekend
after
selling
several
meme
coins
that
were
gifted
to
him,
including
MOODENG,
POPCAT
and
FWOG.

According
to
on-chain
analytics
platform
Lookonchain,
Buterin’s
most
recent
meme
coin

sales took
place
on
Oct.
13.
During
this
trade,
he
sold
$1.61
million
worth
of
meme
coins
for
651.67
ETH.

Following
that,
the
Ethereum
founder’s
total
ETH
accumulated
through
his
meme
coin
trade
over
the
weekend
reached
908.77
ETH.

Vitalik
Buterin
Accumulated
Over
$900K
By
Selling
MOODENG

The
biggest
trade
performed
by
the
Ethereum
founder
was
the
sale
of
10
billion
MOODENG.
Buterin
exchanged
the
meme
coin
for
395.96
ETH
totaling
$976K.
MSTR
was
the
next
biggest
sale
after
he
swapped
200K
MSTR
for
93.23
ETH
valued
at
$231K.

vitalik.eth(@VitalikButerin)
sold
some
memecoins
for
651.67

$ETH($1.61M)
again
1
hour
ago!

In
the
past
12
hours,

#vitalik
got
a
total
of
908.77

$ETH($2.24M)
by
selling
memecoins
received
for
free.

Sold
10B
$MOODENG
for
395.96

$ETH($976K).
Sold
200K

$MSTR
for
93.23

$ETH($231K).…

pic.twitter.com/fE1NTyu9k9

—
Lookonchain
(@lookonchain)

October
13,
2024

Buterin
also
performed
large
swaps
for
POPCAT,
EBULL,
MILO
and
FWOG.
Meanwhile,
smaller
holdings
of
TCATI,
FWOG
and
VITALIK
were
also
exchanged
for
ETH
over
the
weekend.
All
of
the
tokens
that
were
sold
by
Buterin
registered
price
drops
in
the
last
24
hours.

Meme
Coin
Market
Cap
Rises
Despite
Buterin’s
Sell
Off

Despite
Buterin’s
meme
coin
trades,
the
market
cap
for
the
lighthearted
sector
of
the
crypto
space
still
saw
its
overall
valuation
increase
in
the
past
day
of
trading,
with GOAT,
BURN
and
GME
leading
gains
as
the
meme
coin
sector’s
market
cap
climbed
more
than
1%.

Political


meme
coins

(PolitiFi)
also
saw
their
market
cap
jump
by
2%. 

Tokens
in
their
presale
stage
continued
their
positive
momentum.
Layer-2
PEPE
alternative


Pepe
Unchained
(PEPU)

has
already
raised
over
$19.37
million
through
its
ongoing
ICO,
which
is
one
of
the
most
successful
of
the
year.

Another
toke
with
strong
momentum
is


Crypto
All-Stars
(STARS),
which
has
raised
more
than
$2.2
million
and
offers
an
annual
staking
yield
of
652%.

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