Vitalik Buterin Donates Memecoins to Charity

Ethereum co-founder Vitalik Buterin recently donated all animal-themed memecoins he received in the past year to a charity focused on animal welfare. Buterin shared a receipt of his donation to the Effective Altruism Funds’ Animal Welfare Fund, where he sent 200 Ether (ETH) valued at $532,398. He encouraged the memecoin community to donate directly to charities and emphasized the importance of supporting public goods funding. The donation stemmed from an incident involving the Neiro on ETH (NEIRO) memecoin project, which used Buterin's name for attention. Despite initial price fluctuations, the token's value eventually surged. Buterin's actions were in response to the growing trend of celebrity memecoin tokens, which he criticized for lacking substance and purpose. He highlighted the positive impact of projects like Stoner Cats, which used NFTs to fund an animated show.