Vitalik Buterin, co-founder of Ethereum 
$3,675, has once again showcased his philanthropic efforts through recent sales of various memecoins, generating over $1 million in USDC. The funds raised have been donated to Kanro, a charity supporting pandemic prevention and research initiatives. Buterin expressed his intention to contribute to the fight against the pandemic through these donations.
Market Reaction: Sharp Declines and Volatility
According to Arkham Intelligence, these sales, which produced USDC worth 1.6 million Australian dollars, significantly impacted the memecoin market. For instance, the price of Dodgy-Inu (DINU) plummeted by over 50%, falling to 99% below its peak value in 2021. Conversely, some tokens like ESTEE unexpectedly surged by over 100%. However, these increases were short-lived due to the market’s small size and limited liquidity.
During the sales, 80.47 trillion JSHIBA tokens were converted to 21,466 USDC, while 92,000 DOGE tokens were exch…
