- Vitalik Buterin donated 320 ETH tokens worth $1.07 million.
- ETH surged by 1.09% over the past 24 hours.
Vitalik Buterin, the founder of Ethereum [ETH], has recently turned to selling memecoins, offloading four different memecoins for a total of 24.5 ETH tokens, valued at $81.8K.
This includes selling 330 billion $LEDOG for 10.96 ETH, 3.03 trillion $DOGC for 10.8 ETH, 19.95 million $99 for 1.58 ETH, and 300 million $VITALIK for 1.14 ETH, as reported by SpotOnChain.
After selling these four memecoins, he made a massive donation to Coin Center by donating 320 ETH tokens worth $1.07 million.
What does it mean for ETH?
Usually, a donation to a Coin Center may have both positive and negative impacts on ETH price charts. Firstly, if the donation to Coin Center is liquidated to fund operations, it could introduce some selling pressure in the market if the size is significant relative to trading volume.
On the other hand, a donation by high-profile individuals such as Buterin could draw attention to Ethereum. This has the potential to establish positive publicity, thus creating a temporary surge in interest and trading activity.
Therefore, t…
