Future capital starts here. Tokenization is changing the rules of the game. We are writing its script.
For investors who see further.
Vitalik Buterin Supports Coin Center: 320 ETH Donation to Defend Cryptocurrency Market
Ethereum co-founder Vitalik Buterin has reiterated his commitment to the cryptocurrency ecosystem and his support for organizations working to regulate and adopt it, recently donating 320 ETH, worth approximately $1,07 million, to Coin Center, a nonprofit organization that analyzes policy and advocates for the cryptocurrency market.
Transaction details
Before the donation was made, Buterin sold certain amounts of so-called memecoins:
- LEDOG: 330 billion tokens for 10,96 ETH
- DOGC: 3,03 trillion tokens for 10,8 ETH
- #99: 19,95 million tokens for 1,58 ETH
- VITALIK: 300 million tokens for 1,14 ETH
A total of 24,5 ETH was obtained, worth approximately $81. Buterin then transferred 800 ETH to Coin Center.
Market reactions
The donation did not have a negative impact on the price of Ethereum. On the contrary, investors remain optimistic, and the price of ETH has crossed the $3 level. The market capitalization of Ethereum is currently around $600 billion.
According to data from IntoTheBlock, November saw significant inflows into spot Ethereum ETFs, with large investors increasing their ETH holdings in anticipation of further market growth. Additionally, Ethereum open interest (OI) reached a record high of $21,22 billion, according to Coinglass.
Previous Donations
In October 2024, Buterin sold 10 billion MOODENG tokens for 308,69 ETH, of which he donated 260 ETH to Kanro, a biotechnology charity platform fighting airborne diseases.
Ethereum (ETH) Technical Data
- Current price of: 3 582,43 USD
- Market capitalization: USD 434,7 billion
- Official page: ethereum.org
- Live quotes: CoinMarketCap
Data current as of November 28, 2024.
Summary
Vitalik Buterin consistently supports organizations working to develop and regulate the cryptocurrency market. His donations not only support these initiatives, but also build trust in the cryptocurrency community. Current Ethereum market indicators indicate a positive outlook for this cryptocurrency.
