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Vitalik Buterin sold airdropped meme coins for roughly $96,400 and converted the proceeds into 22.14 ETH, signaling a continued preference for Ethereum as a store of value while avoiding speculative tokens.
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Buterin converted $96,400 of airdropped meme tokens into 22.14 ETH.
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The sale continues a pattern of offloading speculative tokens and consolidating value in ETH.
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Ethereum showed modest price movement while trading volume rose, reflecting heightened market activity.
Vitalik Buterin sells meme coins: Buterin converts airdropped tokens to 22.14 ETH โ read details and market context on COINOTAG.
Ethereum cofounder Vitalik Buterin sells free meme coins for $96,400, converting proceeds into 22.14 ETH amid market reactions.
Published: 2025-10-10 | Updated: 2025-10-11 | By COINOTAG
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What happened when Vitalik Buterin sold meme coins?
Vitalik Buterin sold airdropped meme coins worth about $96,400 and converted the funds into 22.14 ETH. The transaction, identified by blockchain analytics platform Lookonchain, reflects a continued pattern of divesting small speculative tokens and consolidating holdings into Ethereum.
How did Buterin convert the airdropped tokens into ETH?
Blockchain on-chain records show the tokens were swapped for ETH through decentralized exchange interactions tracked by Lookonchain. The conversion returned approximately 22.14 ETH, valued at roughly $96,400 at the time of the swap. This follows similar conversions earlier in the year.
Why does this matter for Ethereum and markets?
The sale draws attention because of Buterinโs profile as an Ethereum cofounder. While the amounts are small relative to the broader market, the pattern underscores a practice of converting unsolicited or donated tokens into ETH to limit speculation tied to his wallet. Market data show Ethereumโs price dipped 0.4% over 24 hours, while trading volume rose 6.38% to $43.75 billion, indicating active market participation.
Lookonchain and other on-chain analytics providers reported the swap. Robert Kiyosaki, author of Rich Dad Poor Dad, has recently listed Ethereum among preferred assets alongside Bitcoin, gold and silver; his comments are part of broader public endorsements by financial commentators and investors. These mentions are provided as plain-text references and are not linked.
Repeated pattern in previous token sales
Buterin has a documented history of converting unsolicited or donated tokens. In September he converted Puppies tokens to 28.58 ETH and sold ERC-20 tokens valued at $13,900. Earlier, his sale of donated Shiba Inu tokens attracted attention. Industry observers say these actions likely aim to prevent speculative narratives tied to his holdings rather than to signal a market position.
Recent Notable Token Conversions by Vitalik Buterin
| Event | Proceeds (USD) | ETH Received | Date |
|---|
| Latest meme coin conversion | $96,400 | 22.14 ETH | 2025-10-10 |
| Puppies token conversion | โ | 28.58 ETH | 2025-09 |
| ERC-20 sale | $13,900 | โ | 2025-09 |
Lookonchain reported: vitalik.eth (@VitalikButerin) just sold some #memecoins received for free again and got 22.14 ETH ($96.4K). โ Lookonchain (Twitter report) October 10, 2025
Market context: Ethereum traded down about 0.4% to $4,337.10 over 24 hours while 24-hour trading volume increased 6.38% to $43.75 billion. Many market participants view short-term dips as buying opportunities, but analysts emphasize focusing on fundamentals rather than short-term price swings.
Frequently Asked Questions
Did Vitalik Buterin sell donations or purchased tokens?
He sold airdropped and donated meme tokens that were sent to his wallet; transactions show these tokens were swapped for ETH, not purchased by him.
How much ETH did Buterin receive from the latest sale?
Blockchain records indicate the latest conversion returned 22.14 ETH, valued at about $96,400 at the time of the swap.
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Does this sale affect Ethereumโs fundamentals?
No direct impact on Ethereum protocol fundamentals is indicated. The sale is a wallet-level action and does not alter network development or core protocol metrics.
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Key Takeaways
- Transaction details: Buterin converted airdropped meme tokens into 22.14 ETH (~$96,400).
- Pattern: The sale aligns with prior behavior of offloading unsolicited tokens to avoid speculation tied to his wallet.
- Market context: Ethereum saw a small price dip while trading volume increased, indicating active market engagement.
Conclusion
Vitalik Buterinโs recent conversion of airdropped meme coins into 22.14 ETH underscores a consistent approach to handling unsolicited tokens and a preference for consolidating value in Ethereum. This wallet-level activity offers insight into risk management by prominent ecosystem figures and provides context for investors assessing short-term market noise versus long-term fundamentals. For continued updates, follow COINOTAG coverage.
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Source: https://en.coinotag.com/vitalik-buterin-sells-airdropped-meme-coins-for-96k-converts-proceeds-to-22-14-eth-could-signal-preference-for-ethereum/
