Ethereum co-founder Vitalik Buterin has liquidated over 6,000 ETH worth approximately $13.2 million as the cryptocurrency plunged below the critical $2,000 support level. This significant on-chain selling, confirmed by analytics firm Lookonchain, occurred during a period of intense market-wide deleveraging and institutional de-risking. While a portion of the proceeds was channeled to the Kanro philanthropic fund for biomedical research, the sales contributed to Ethereum’s sharp decline, which saw it lose over 30% of its value in a single week amid broader altcoin weakness.
about Vitalik Buterin Sells $13M ETH Amid Market Slide, Funds BiotechKanro
0 in Finance and 2 in Crypto last weekCrypto Prediction Markets Turn Bearish Amid Bitcoin, Ethereum Slump
Prediction markets on Myriad show a sharp turn toward bearish sentiment for Bitcoin and Ethereum as both cryptocurrencies extend recent losses. Traders now heavily favor downside targets of $55,000 for Bitcoin and $1,500 for Ethereum over near-term rallies. Meanwhile, a separate market gives the Seattle Seahawks a 69% chance to win the Super Bowl.
about Crypto Prediction Markets Turn Bearish Amid Bitcoin, Ethereum SlumpVitalik Buterin Sells Memecoins to Fund Biotechnology Charity Kanro
Vitalik Buterin, co-founder of Ethereum, sold nearly $940,000 worth of meme coins, including NEIRO and Shiba Inu-inspired ESTEE, to benefit his biotechnology charity, Kanro. Approximately $916,000 in USDC was directed to the fund, which addresses COVID-19 and pandemic-related challenges. The largest sale involved 70 million NEIRO tokens, valued at over $74,000.
about Vitalik Buterin Sells Memecoins to Fund Biotechnology Charity KanroVitalik Buterin Sells 28 Tokens for Nearly 1 Million USDC
Vitalik Buterin sold 28 tokens, including 50.54 billion ESTEE, generating nearly $1M USDC, which caused significant market volatility. Notably, ESTEE surged over 200% post-sale, while other tokens like DINU dropped sharply. Proceeds from the selloff were donated to the charity Kanro, highlighting Buterin’s commitment to using cryptocurrency for social good.
about Vitalik Buterin Sells 28 Tokens for Nearly 1 Million USDCVitalik Buterin liquidates memecoins to support Kanro charity initiatives
Ethereum co-founder Vitalik Buterin is liquidating millions in memecoins, including DOGE and SHIB, to support his Kanro charity, raising approximately $2.5 million in USDC and ETH. This follows a pattern of offloading gifted tokens to fund philanthropic efforts, with Buterin’s largest holding being over 240,095 ETH valued at around $873 million.
about Vitalik Buterin liquidates memecoins to support Kanro charity initiativesVitalik Buterin Sells Memecoins to Fund Charity Donations
Vitalik Buterin has liquidated various digital assets, including Neiro (NEIRO) and Dogecoin (DOGE), selling 28 memecoins for nearly $1 million to fund his charity, Kanro. This move follows a pattern of Buterin consolidating his holdings to support pandemic-related initiatives. Recent sales included 70 million NEIRO for $74,095 and 92,000 DOGE for $35,233, with some tokens experiencing significant declines in value.
about Vitalik Buterin Sells Memecoins to Fund Charity Donations