Ethereum Co-Founder Vitalik Buterin Sells Meme Coins Worth $2.24 Million, Including POPCAT, MOODENG And FWOG
Release: 2024/10/14 18:14 Reading: 574
Ethereum Co-Founder Vitalik Buterin Sells Meme Coins for $2.24 Million
Vitalik Buterin, co-founder of Ethereum, sold a collection of meme coins over the weekend, earning a net profit of $2.24 million in ETH.
According to blockchain analytics firm Lookonchain, Buterin's most recent meme coin transactions occurred on October 13th. He sold meme coins worth $1.61 million for 651.67 ETH.
Buterin's total ETH accumulation from his weekend meme coin trades reached 908.77 ETH.
MOODENG Sale Nets $976K
Buterin's most significant trade involved the sale of 10 billion MOODENG tokens, exchanging them for 395.96 ETH, worth approximately $976K. He also sold 200,000 MSTR tokens for 93.23 ETH ($231K).
Buterin also traded smaller quantities of POPCAT, EBULL, MILO, and FWOG for ETH.
Meme Coin Market Cap Increases After Buterin's Sales
Despite Buterin's sell-offs, the market capitalization for the meme coin sector increased by over 1% in the past 24 hours. GOAT, BURN, and GME led the gains.
Political meme coins (PolitiFi) also experienced a 2% jump in market cap.
Presale tokens continued to perform well. Pepe Unchained (PEPU) raised over $19.37 million, while Crypto All-Stars (STARS) raised over $2.2 million.
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