Vitalik Converts Free Meme Tokens Into 14K USDC, Lookonchain Reports
Quick Take Summary is AI generated, newsroom reviewed. Vitalik Buterin sold over 275 trillion CAT and other unsolicited meme tokens received in his wallet. The transaction yielded 14,216 USDC, a stablecoin, using the decentralized swap protocol LiFi Diamond. This aligns with Buterin's consistent practice of clearing unwanted speculative tokens to signal disinterest and avoid association. Despite the small sale, his wallet holds nearly $1 billion in mostly long-term, established crypto assets.References 🚨V
Ethereum co-founder Vitalik Buterin has once again sold off a batch of free meme tokens. That is sent to his wallet, according to on-chain data tracked by Lookonchain. The sale brought him 14,216 USDC. This sparked renewed discussions across the crypto community about his stance on meme coins.
Lookonchain Flags Another Meme Token Sale
Lookonchain, a blockchain analytics platform, reported that Vitalik converted a large quantity of free meme tokens. This includes over 275 trillion CAT tokens, into stablecoins via LiFi Diamond, a decentralized swap protocol. The transaction shows Vitalik receiving 14,216 USDC, equivalent to roughly $14,200.
This isn’t the first time Vitalik has cleared out unsolicited tokens from his wallet. Over the years, he has occasionally sold or donated meme tokens. That was sent to him by various projects trying to gain attention. His transactions often attract viral attention due to his high-profile status in the crypto world. With the sudden impact such sales can have on token prices.
Community Reactions and Light Humor
The sale quickly caught the eye of traders and crypto commentators online. Many joked about the sale, with one user teasing, “His girlfriend must’ve seen the Birkin bag another dev bought.” Others found humor in the idea of the Ethereum creator casually turning “free coins” into stable income.
However, some observers pointed out that Vitalik has never actively traded for profit. Instead, he’s known for his consistent approach of clearing unwanted tokens. Often so he can avoid being associated with them. Analysts publicly track his wallet, vitalik.eth, and it remains one of the most transparent in the crypto space.
Meme Tokens and Unsolicited Airdrops
Meme tokens have become a recurring theme in Vitalik’s crypto journey. Their creators send many of these tokens directly to his wallet as publicity stunts. By transferring or selling them, Vitalik often signals disinterest in speculative tokens that lack long term utility.
His previous actions have even triggered sudden sell-offs in meme tokens. When he sold large amounts of SHIB, AKITA and ELON tokens in 2021. The market reacted sharply, leading to what some called “the Vitalik effect.” This latest move appears smaller in scale. But still gained traction due to its timing amid renewed meme coin hype.
Buterin’s Holdings Remain Massive
Despite the small transaction, Vitalik’s overall crypto holdings remain enormous. According to data from Arkham Intelligence, his wallet currently holds over $962 million in digital assets. Most of this wealth comes from his early Ethereum holdings and long-term positions in established projects. His decision to convert free tokens into USDC, a stablecoin pegged to the U.S. dollar.
This reflects his cautious approach to volatile assets. While meme coins come and go. Vitalik continues to focus on building the Ethereum future and promoting sustainable blockchain innovation. Currently, the crypto world may keep joking about Vitalik’s “meme coin cleanups.” But his quiet consistency shows a clear message. Free tokens aren’t free of consequences, and the Ethereum founder prefers stability over hype.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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