Vitalik Buterin nets $636K from meme coin sales, sparks debate on investor risks

https://www.cryptopolitan.com/vitalik-nets-636k-from-meme-coin-sales/

12 Comments

  1. tldr; Vitalik Buterin, co-founder of Ethereum, sold several meme coins for over 257 ETH, valued at approximately $636,000. These coins were donations, and the sales have sparked discussions about investor risks and the impact of high-profile sales on low-liquidity tokens. Buterin has previously stated that he donates proceeds from unsolicited token sales to charity. He also suggested that meme coin creators should donate directly to charitable causes or form DAOs to engage their communities in the donation process.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

  2. Chance-Permit4247 on

    Guys I think it’s time for vitalik to sleep with the fishes like the btc finder. He’ll be more powerful as a symbol, but as a man, as flesh and blood, it seems he is corruptable

  3. Donating to Vitalik is a meme coin’s marketing budget. When he donates it to charity at least some good comes from these projects.

  4. Ironically, when he dumps a coin it often gets mentioned in the news which creates a short-term pump on that coin.

  5. Is there anywhere we can see if what he says matches what he does? is there any transaction history of him donating to charities?

  6. >He also suggested that meme coin creators should donate directly to charitable causes or form DAOs to engage their communities in the donation process.

    This creators are just doing it in hope what he did with the shiba token will be done to them and their token can also pump up imo