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.
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