{"id":586980,"date":"2024-10-14T10:12:37","date_gmt":"2024-10-14T10:12:37","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=586980"},"modified":"2024-10-14T10:12:37","modified_gmt":"2024-10-14T10:12:37","slug":"ethereum-co-founder-vitalik-buterin-sells-meme-coins-worth-2-24-million-including-popcat-moodeng-and-fwog","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethereum-co-founder-vitalik-buterin-sells-meme-coins-worth-2-24-million-including-popcat-moodeng-and-fwog","title":{"rendered":"Ethereum Co-Founder Vitalik Buterin Sells Meme Coins Worth $2.24 Million, Including POPCAT, MOODENG And FWOG"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Ethereum co-founder <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/controversy-erupts-as-ethereums-vitalik-buterin-defends-hezbollah-betting-markets-on-polymarket\"><span style=\"font-weight: 400;\">Vitalik Buterin<\/span><\/a><span style=\"font-weight: 400;\"> netted $2.24 million in ETH over the weekend after selling several meme coins that were gifted to him, including MOODENG, POPCAT and FWOG.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to on-chain analytics platform Lookonchain, Buterin&rsquo;s most recent meme coin <a href=\"https:\/\/etherscan.io\/address\/0xd8da6bf26964af9d7eed9e03e53415d37aa96045\">sales<\/a>&nbsp;took place on Oct. 13. During this trade, he sold $1.61 million worth of meme coins for 651.67 ETH. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following that, the Ethereum founder&rsquo;s total ETH accumulated through his meme coin trade over the weekend reached 908.77 ETH.<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/assets.staticimg.com\/cms\/media\/4SrhWtJpmskfboD1sOgJVZ3xbXgmZBIGK8ZQroabt.jpg\" alt=\"Moo Deng (MOODENG) Gets Listed on KuCoin!| KuCoin\"><\/p>\n<h2><span style=\"font-weight: 400;\">Vitalik Buterin Accumulated Over $900K By Selling MOODENG<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The biggest trade performed by the Ethereum founder was the sale of 10 billion MOODENG. Buterin exchanged the meme coin for 395.96 ETH totaling $976K. MSTR was the next biggest sale after he swapped 200K MSTR for 93.23 ETH valued at $231K.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">vitalik.eth(<a href=\"https:\/\/twitter.com\/VitalikButerin?ref_src=twsrc%5Etfw\">@VitalikButerin<\/a>) sold some memecoins for 651.67 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>($1.61M) again 1 hour ago!<\/p>\n<p>In the past 12 hours, <a href=\"https:\/\/twitter.com\/hashtag\/vitalik?src=hash&amp;ref_src=twsrc%5Etfw\">#vitalik<\/a> got a total of 908.77 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>($2.24M) by selling memecoins received for free.<\/p>\n<p>Sold 10B $MOODENG for 395.96 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>($976K).<br>Sold 200K <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a> for 93.23 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>($231K).&hellip; <a href=\"https:\/\/t.co\/fE1NTyu9k9\">pic.twitter.com\/fE1NTyu9k9<\/a><\/p>\n<p>&mdash; Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1845282440098828537?ref_src=twsrc%5Etfw\">October 13, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Buterin also performed large swaps for POPCAT, EBULL, MILO and FWOG. Meanwhile, smaller holdings of TCATI, FWOG and VITALIK were also exchanged for ETH over the weekend. All of the tokens that were sold by Buterin registered price drops in the last 24 hours.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Meme Coin Market Cap Rises Despite Buterin&rsquo;s Sell Off<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Despite Buterin&rsquo;s meme coin trades, the market cap for the lighthearted sector of the crypto space still saw its overall valuation increase in the past day of trading, with&nbsp;<\/span><span style=\"font-weight: 400;\">GOAT, BURN and GME leading gains as the meme coin sector&rsquo;s market cap climbed more than 1%. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Political <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/new-meme-coins-to-buy-now-october-13-us-degen-index-6900-koma-inu-arbdoge\"><span style=\"font-weight: 400;\">meme coins<\/span><\/a><span style=\"font-weight: 400;\"> (PolitiFi) also saw their market cap jump by 2%.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tokens in their presale stage continued their positive momentum. Layer-2 PEPE alternative <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/pepeunchained\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Pepe Unchained (PEPU)<\/span><\/a><span style=\"font-weight: 400;\"> has already raised over $19.37 million through its ongoing ICO, which is one of the most successful of the year. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another toke with strong momentum is <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/cryptoallstars\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Crypto All-Stars (STARS)<\/span><\/a><span style=\"font-weight: 400;\">, which has raised more than $2.2 million and offers an annual staking yield of 652%.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/michael-saylor-aims-to-make-microstrategy-the-leading-bitcoin-bank-with-1-trillion-valuation\"><span style=\"font-weight: 400;\">Michael Saylor Aims To Make MicroStrategy The Leading Bitcoin Bank With $1 Trillion Valuation<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/politifi-tokens-surge-14-as-donald-trump-widens-lead-over-kamala-harris-on-polymarket\"><span style=\"font-weight: 400;\">PolitiFi Tokens Surge 14% As Donald Trump Widens Lead Over Kamala Harris On Polymarket<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/5-best-cheap-cryptos-to-invest-now-under-1-dollar-october-13-ethena-mina-fantom-chiliz\"><span style=\"font-weight: 400;\">5 Best Cheap Cryptos to Invest Now Under 1 Dollar October 13 &ndash; Ethena, Mina, Fantom, Chiliz<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - 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