Ethereum’s co-founder Sells 28 Meme Coins Worth $1 Million
Vitalik Buterin, Ethereum’s co-founder, recently sold about $1 million worth of meme coins
Buterin sold meme coins in exchange for USDC stablecoin tokens intended for charitable donations on January 6 through a series of swaps. Data shows that the “vitalik . eth” address made about $1 million from selling 28 meme coins.
Buterin’s public wallet frequently receives free tokens from meme coin developers, either as a marketing tactic or as a nod to one of the most well-known blockchain developers and pioneers.
Buterin occasionally donates these meme tokens to charitable organizations. Even though they are unintended, his sales frequently cause the tokens’ prices to drop significantly. For instance, after he exchanged DINU for USDC, the value of one of the meme coins he sold fell by more than two-thirds of its value
Meanwhile, he recently called for a “pause” in artificial intelligence advancement in a post on his blog on Sunday night.
He claims that the imminence of an artificial “superintelligence” was an existential threat to humanity. Vitalik Buterin suggests, among other things, a one- or two-year “pause” potent computer chip production.
The goal would be to “buy humanity more time to prepare” by cutting the computing power computers depend on by more than 99 percent. He thus reaffirmed the necessity of putting the idea of “decentralized/defensive acceleration – d/acc” into practice.
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