Vitalik Buterin Makes Large Memcoin Donation to Charity
Date: 2025-01-07 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
The sale of memecoins had an impact on their market prices, especially for low-cap tokens. For example, the price of DINU fell by 68%, and JSHIBA fell by 38%. This event continues Buterin’s tradition of actively using meme assets for charitable purposes. In 2024, he has already helped various organizations by selling off cryptocurrencies several times. Last October, for example, he sold $884,000 in memecoins to a company developing technologies against airborne infectious diseases.
In addition, last summer, Buterin sold hundreds of thousands of dollars in tokens to support the animal welfare organization Effective Altruism. He has repeatedly stated that cryptocurrency should be used for social good, not just for profit, which highlights his intention to help important social projects.
These actions confirm Buterin’s commitment to philanthropy and his desire to direct resources to combat global problems. His approach to cryptocurrency as a tool for improving the world resonates with many followers and encourages the creation of new initiatives using blockchain technology.
This is the first major donation made by Buterin since the beginning of the year, and we can expect his active work in the field of charity to continue.
