Vitalik Buterin Dumps Neiro, MOODENG, and USDT in Exchange for Ether

• Vitalik Buterin has exchanged assorted meme coins and USDT for ETH.
• The sell-off coincided with Vitalik’s donation to the “Free Alexey & Roman” campaign.
• The Ethereum co-founder has yet to comment on the transactions.

A crypto wallet address linked to Ethereum co-founder Vitalik Buterin has dumped assorted meme coins and Tether’s USDT in exchange for Ether.

The meme coins were part of the various crypto assets developers sent to Vitalik’s wallet over the past year, sometimes as a charitable donation, other times as a malicious marketing tool to manipulate traders into believing that the Ethereum co-founder invested in the tokens.

Vitalik Offloads Neiro, MOODENG, and Other Memecoins

On October 5, blockchain analytics firm EmberCN reported that Vitalik’s wallet sold the memecoins and USDT in exchange for 140.6 ETH, valued at about $340,000 at the current market price.

This included 70.71 million Neiro that Vitalik’s wallet received from the project’s owner, 11.76 billion MOODENG donated by MoodengCTOETH, 7.8 million DEGEN, 16.03 billion Kabosu, and 100,000 USDT donated by the CATE project.

While Vitalik has yet to clarify why he sold the crypto assets, the MOODENG team wrote to the Ethereum co-founder and urged him to donate the proceeds of the meme coin sale to “charitable efforts.”

“Hello dear @VitalikButerin, we noticed that you just sold 21 ETH worth of Moodeng.” The team wrote on X. “As a community dedicated to charity and bringing real-world value through cryptocurrency, we hope this amount can contribute to your charitable efforts.”

Noting that Vitalik’s wallet still held 50 billion MOODENG, valued at over $1 million, the team advised the Ethereum co-founder to put these tokens to “good use.”

Meanwhile, Spot On Chain reported on Saturday that Vitalik donated 100 ETH ($242,000) to the “Free Alexey & Roman” campaign, supporting the legal defense of the Tornado Cash developers.

Read about Vitalik Buterin’s proposal for Ethereum ecosystem alignment:
Vitalik Buterin Proposes Ethereum Ecosystem Alignment Concept

Stay updated on Vitalik’s 1 ETH staking minimum dream:
Vitalik Champions 1 ETH Staking Minimum Dream: Here’s How It Materializes