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Cryptocurrency

Ethereum Founder Vitalik Buterin Sells His Meme Cryptocurrencies

Ethereum Founder Vitalik Buterin Sells His Meme Coins

  • Etheruem co-founder Vitalik Buterin has announced the sale of 6 dog themed cryptocurrencies
  • Some of the coins traded by the crypto pioneer include Baby Shiba, Kishu Inu, Husky Token
  • A  portion of the coins were used to purchase tokens from Proof of Humanity’s UBI initiative

The co-founder of Ethereum Vitalik Buterin has been ridding his wallet of Dogecoin copycat meme coins.

Vitalik Buterin

The cryptocurrency enthusiast has reportedly sold off more than $4.3 million worth of dog-themed cryptocurrencies in recent times.

Some of the meme cryptocurrencies were also used to purchase tokens from Proof of Humanity’s UBI initiative and burn them.

Proof of Humanity is social verification system for humans that is based on the ethereum blockchain.

The Russian cryptocurrency pioneer has sold off 6 meme cryptocurrencies that were deposited in his Ethereum wallet.

Some of the coins that he has traded off recently include Aidi Inu, Jejudoge, and HuskyToken.

The sale of these cryptocurrencies has caused a significant drop in their values, with Baby Shiba recording a price dip of 72 percent.

Read also: Tesla Holds On To Bitcoin as Crypto Booms

This is not the first time that Vitalik Buterin will swap a meme coin to invest in areas relating to community service.

Back in May, the Ethereum founder donated $1 billion worth of Shiba Inu tokens after which the meme coin’s value came down.

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