Ethereum Co-Founder Vitalik Buterin Offloads Nearly A Million In Memecoins To Benefit Charities — Dogecoin’s Sister Coin NEIRO Plunges 3% After Sale

Vitalik Buterin, co-founder of Ethereum (CRYPTO: ETH), sold meme coins gifted to him by project creators on Monday and allocated the proceeds toward his biotechnology charity Kanro.

What Happened: Buterin swapped notable coins like Neiro (NEIRO), Shiba Inu (CRYPTO: SHIB)-inspired ESTEE, Marvin Inu (MARVIN), and several others for over $940,000 in stablecoin USD Coin (CRYPTO: USDC), according to on-chain tracking platform Spot On Chain.

Out of this, about 916,000 USDC was sent to a wallet belonging to his philanthropic fund, Kanro, established to address COVID-19 and other pandemic-related challenges.

Full story available on Benzinga.com