Vitalik Buterin (Vitalik.eth) , the co-founder of Ethereum, sold $341K worth of meme coins. In just 30 minutes, he sold various meme coins and, at the same time, sent 100 $ETH ($242K) to the ‘Free Alexey & Roman’ campaign, supporting the legal defense of Tornado Cash developers Alexey Pertsev and Roman Storm
Source: Spot on chain
Vitalik.eth Sale of Meme-Coins
Vitalik Buterin sold meme-coins and a stablecoin, totaling $341,000.
MOODENG
- Sold: 11.76 billion Moodeng tokens
- Received: 21.03 $ETH (worth $50,900)
- Remaining: 50 billion tokens (worth $1.4 million)
$NEIRO
- Sold: 70.72 million Neiro tokens
- Received: 29.9 $ETH (worth $72,400)
- Remaining: 70 million tokens (worth $72,300)
$DEGEN
- Sold: 7.8 million Degen tokens
- Received: 25.11 $ETH (worth $60,800)
- Remaining: 7.5 million tokens (worth $57,300)
$KABOSU
- Sold: 16 billion Kabosu tokens
- Received: 22.94 $ETH (worth $55,500)
$USDT (Stablecoin)
- Sold: 101,000 USDT tokens
- Received: 41.69 $ETH (worth $101,000)
In total, he received 140.67 $ETH, which is around $340,500 from these sales.
Source: Etherscan
Vitalik Donation to Legal Campaign
At the same time, Vitalik made a notable donation. He sent 100 $ETH, valued at $242,000, to the “Free Alexey & Roman” campaign. This campaign aims to support the legal defense of Alexey Pertsev and Roman Storm, the developers associated with Tornado Cash.
Background on the “Free Alexey & Roman” Campaign
The “Free Alexey & Roman” campaign is for helping Alexey Pertsev and Roman Storm, who created Tornado Cash. Tornado Cash is a tool that allows users to make private transactions on the Ethereum blockchain. In August 2022, the U.S. government placed sanctions on Tornado Cash, claiming it was used for illegal activities. Following this, Alexey was arrested in the Netherlands for money laundering and has been in jail since then. The campaign is raising funds to help pay for their legal defense and supports developers working in the crypto network.
His campaign highlights the difficulties developers face when making tools that keep people’s information private. Many supporters feel that the legal actions against Alexey and Roman are unfair and could slow down new ideas in the cryptocurrency world. By donating and raising awareness, the campaign emphasizes the importance of protecting developers from legal issues when they create privacy-focused technologies.
Conclusion
Vitalik Buterin actively participating in fundraising efforts and highlighting the importance of protecting developers, Buterin demonstrates his dedication to fostering innovation in the cryptocurrency world. His actions exemplify the challenges faced by developers and the need for legal safeguards to ensure the continued advancement of privacy-focused technologies.
