Vitalik Buterin Liquidates NEIRO and Memecoin Positions To Fund Donations to His Charity
Ethereum (ETH) co-creator Vitalik Buterin is suddenly selling off dozens of digital assets, including Neiro (NEIRO) and other memecoins.
According to market analytics platform Arkham Intelligence, Buterin has sold Dogecoin (DOGE) and a number of other smaller market cap, lesser-known digital assets on Monday.
Pseudonymous on-chain analyst EmberCN provides a list of the Buterin sales on the social media platform X identifying 28 memecoins that sold for nearly $1 million in total
The sales include 70 million Neiro for $74,095, and 92,000 DOGE for $35,233.
The on-chain analyst says it appears Buterin is consolidating his holdings to send donations to his charity Kanro.
Kanro is a biotech charity originally set up by Buterin to address COVID-19 and other pandemic-related issues.
Says EmberCN,
“[Buterin] is selling memecoins donated to his wallet regularly again: “[On Monday], he sold a total of 28 memecoins for 984,000 USDC, and then donated the USDC to the Kanro address address…
Some tokens have experienced a sharp decline due to their small market capitalization and poor pool depth. For example, DINU fell by 68% and SHIB fell by 38%.”
This isn’t the first time Buterin was spotted selling his digital assets to fund Kanro.
In October, blockchain reporter Colin Wu spotted Buterin selling about $340,000 of meme coins in half an hour.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
The post Vitalik Buterin Liquidates NEIRO and Memecoin Positions To Fund Donations to His Charity appeared first on The Daily Hodl.
