Vitalik Buterin Sells $110K Worth of Musk-Themed Puppies Tokens
Ethereum founder Vitalik Buterin offloads billions in meme tokens, continuing his practice of selling unsolicited coins and donating the proceeds to charity.
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Summary
Vitalik Buterin recently sold 150 billion Puppies meme tokens for 28.58 ETH ($114,480) and 1 billion ERC20 tokens for $13,889 USDC, echoing his 2021 handling of Shiba Inu tokens. Vitalik has adopted a strategy of liquidating unsolicited meme coins, with proceeds typically donated to charity. His public wallet still holds significant meme coins, including 30 billion Moodeng tokens. Buterin remains Ethereum's largest holder with 240,000 ETH, valued at over $1 billion.
Terms & Concepts
- Meme Token: A cryptocurrency often created as a joke or based on internet culture, typically with high volatility and speculative trading interest.
- ERC20: A standard for fungible tokens on the Ethereum blockchain, widely used for various types of tokens including utility and governance tokens.
- Ethereum: A decentralized blockchain platform featuring smart contract functionality, co-founded by Vitalik Buterin.