Vitalik Buterin Donates $1.07 Million Worth of ETH: What’s Next for Ethereum
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- Vitalik Buterin donated 320 ETH tokens worth $1.07 million.
- ETH is up 1.09% in the last 24 hours.
Vitalik Buterin, the founder of Ethereum [ETH], recently sold memecoins for a total of approximately $81,800 in exchange for 24.5 ETH tokens.
This includes the sale of
330 billion $LEDOG for
10.96 ETH,
3.03 trillion $DOGC for
10.8 ETH,
and
additional amounts from other memecoins as reported by SpotOnChain.
The Impact of Donations on ETH’s Market Trends
The effects of donations to organizations like Coin Center can influence ETH’s price volatility positively or negatively depending on various market dynamics.
A high-profile donation may lead to increased visibility around Ethereum and potentially stimulate interest leading to greater trading activity, even if there are short-term selling pressures as well.
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