The crypto news today highlights a significant event as Vitalik Buterin, the creator of Ethereum, sold 10 billion units of the new meme coin MOODENG (MOODENG). This sale brought in approximately $1.8 million based on current market prices of $0.00018 per token.
On-chain transaction data shows that Buterin executed the sale in six separate batches. He clarified that these tokens were given to him by the coin's creator. Following the sale, MOODENG experienced a staggering price increase of 300%.
Buterin expressed his commitment to charitable causes by announcing that the proceeds from this sale would be donated. He emphasized that any additional tokens sent to him would also be sold for charity, focusing on initiatives such as anti-airborne-disease technology.
This sale reflects a wider trend in the crypto community where meme coins are increasingly linked to charitable activities, especially in the latter half of 2024.
