Ethereum creator Vitalik Buterin has once again been in the spotlight after making headlines for selling off his ESTEE meme coins, following a remarkable 440% rally. This move has led to a flurry of discussions among market watchers and crypto enthusiasts alike.
In a recent transaction, Buterin offloaded a staggering 50.54 billion ESTEE coins, trading them for approximately 116,306 USDC. This sale occurred via his recognized wallet address, 0xab58…9aec9b. ESTEE, a dog-themed meme coin inspired by the beloved Shiba Inu (SHIB), had surged hugely in value thanks to a wave of investor enthusiasm. Its price jumped to $0.00001903, representing gains of over 200% and marking an impressive increase from its earlier low of $0.0000023.
As a noteworthy sequence of events, Vitalik also sold 340 LDOG tokens for around 5.2 ETH, just hours before ditching the ESTEE coins. Additionally, he exchanged over 10 trillion DINU coins for 4181 USDC. Each of these transactions has ignited conversations within the crypto community regarding Buterin’s shifting portfolio and the ramifications of these sales on the market.
Buterin is known for receiving various crypto tokens as gifts from different projects and has a habit of routinely selling off these unrequested tokens. The recent meme coin transactions contribute to this cycle, reinforcing his practice of converting gifted coins into usable funds, often donating the proceeds to charity.
Amidst all this, Vitalik has taken on a new role—fostering a baby pygmy hippopotamus named Moo Deng. This endearing gesture found him joining a wildlife sponsorship program, sparking excitement among his followers and once again demonstrating his commitment to charitable initiatives. Not surprisingly, this move boosted the meme coin MOODENG by 70% within a short period.
In a recent blog post, he expressed concerns surrounding the growth of AI superintelligence, advocating for limited access to computational resources as a means to “buy more time for humanity.” He reiterated that donating acquired meme coins for charity can serve as a beneficial practice beyond simple profit-making.
These developments reveal not just the fluctuations of meme coins but also Buterin’s thoughtful approach to managing his crypto assets and his knack for blending philanthropy with the unpredictable world of cryptocurrencies. As the market continues to experience dizzying highs and lows, all eyes will remain fixed on how the Ethereum creator navigates his future ventures.
