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Home»ALTCOIN NEWS»Vitalik Buterin Liquidates NEIRO and Memecoin Positions to Donate to Charity
ALTCOIN NEWS

Vitalik Buterin Liquidates NEIRO and Memecoin Positions to Donate to Charity

By Crypto FlexsJanuary 6, 20252 Mins Read
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Vitalik Buterin Liquidates NEIRO and Memecoin Positions to Donate to Charity
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Ethereum (ETH) co-founder Vitalik Buterin is suddenly selling dozens of digital assets, including NEIRO and other memecoins.

Buterin sold Dogecoin (DOGE) and other small-cap, lesser-known digital assets on Monday, according to market analysis platform Arkham Intelligence.

Pseudonymous on-chain analyst EmberCN provides a list of Buterin sales of 28 memecoins totaling close to $1 million on social media platform X.

Sale prices include 70 million Neiros for $74,095 and 92,000 DOGEs for $35,233.

An on-chain analyst said Buterin appears to be consolidating his assets to send donations to his charity Kanro.

Kanro is a biotech charity originally founded by Buterin to address COVID-19 and other pandemic-related issues.

EmberCN says:

“(Buterin) is regularly selling back the memecoins donated to his wallet. “(On Monday) he sold a total of 28 memecoins for 984,000 USDC and then donated the USDC to a Kanro address…

Some tokens have experienced sharp declines due to low market capitalization and low pool depth. For example, DINU fell 68% and SHIB fell 38%.”

This is not the first time Buterin has been seen selling his digital assets to fund Canlo.

Last October, blockchain journalist Colin Wu witnessed Buterin sell about $340,000 worth of meme coins in 30 minutes.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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