Vitalik Buterin Sells Free Memecoins for 22 ETH
Vitalik Buterin sells gifted memecoins for 22 ETH worth $96.4K, repeating a familiar move.
- Vitalik Buterin sold free memecoins for 22.14 ETH
- The total value of the sale was around $96.4K
- This isn’t the first time he’s offloaded airdropped tokens
Ethereum co-founder Vitalik Buterin has once again converted freely received memecoins into Ethereum (ETH), earning 22.14 ETH, equivalent to roughly $96,400. The transaction follows a pattern he’s displayed before — selling unsolicited memecoin airdrops sent to his wallet.
Blockchain data shows that Buterin did not purchase these tokens but instead received them for free, likely as part of a strategy by memecoin projects to gain attention. By sending tokens to his well-known wallet, creators attempt to boost visibility and credibility.
However, rather than holding or endorsing these tokens, Buterin often liquidates them, sending a message that he does not support speculative or low-utility crypto assets — especially ones he didn’t opt into.
A Consistent Approach to Airdrops
This isn’t the first time Buterin has turned memecoins into ETH. Back in 2021, he famously sold large amounts of Shiba Inu (SHIB) and other tokens, donating much of the proceeds to charity. At the time, his actions caused massive price drops in those tokens but also redirected attention toward philanthropic causes.
His latest sale is smaller in scale but continues the theme: Buterin does not hesitate to dump tokens he didn’t request. It also highlights a common trend in the crypto world, where meme projects use influencer wallets for marketing stunts.
While some in the community criticize this approach as “dumping,” others see it as a fair response to unsolicited airdrops.
The Bigger Picture
This sale reopens the conversation around airdrop culture in the crypto space. Should high-profile individuals be obligated to hold gifted tokens? For Buterin, the answer seems clear: if it’s free and unwanted, it’s going up for sale.
Investors should take note — just because a memecoin ends up in a famous wallet doesn’t mean it has real value or backing.
