Ethereum co-founder Vitalik Buterin, who sent SHIB to his wallet in the past years, donated 20 million Dogecoins (DOGE) to the Dogecoin community. Here are the details…
Vitalik Buterin donated with DOGE, not SHIB
Buterin’s cryptocurrency wallet is public. In other words, it is known what the wallet address is. For this reason, many cryptocurrencies are sent to Buterin. In the past years, a large amount of SHIB was sent to Buterin’s wallet. Then, Buterin donated this SHIB to an institution and sent some of it to an unused wallet. According to new statements, Buterin made a new donation the other day. This time the focus of the donation was the Dogecoin Foundation. It is not known whether Buterin’s donation was made with coins sent to his wallet.
DOGE is currently trading at $0.085. How the donation will be used by the nonprofit has not yet been disclosed. This isn’t the first donation Buterin has made. The foundation received 500 Ethereum (ETH) from the Canadian programmer. Moreover, last August, Buterin joined the foundation’s advisory board along with Neuralink CEO Jared Birchall. Originally founded in 2014, the nonprofit was relaunched last year after experiencing a massive surge in the meme coin’s popularity.
The @DogecoinFdn has received a donation of 20M Dogecoin from @VitalikButerin, after the 500 ETH donation in May. An announcement by the Foundation should come soon.
At this moment no other details are available. Thanks to @CalisCihan for first noticing and researching this.
— Mishaboar (@mishaboar) November 13, 2022
As Cryptokoin.com reported, in September, Ethereum successfully implemented the Merge update. Then, Buterin suggested that Dogecoin should be the next cryptocurrency to switch to the PoS consensus algorithm. As of now, the meme coin remains the second largest PoW cryptocurrency. Dogecoin recently experienced a massive rally after Twitter was acquired by Tesla CEO Elon Musk. However, that momentum quickly faded after the social media platform reportedly shelved its plan to introduce a cryptocurrency wallet.
Buterin commented on FTX
Meanwhile, the sudden decline of FTX revealed the need for new reforms aimed at protecting investor funds from manipulation and misdirection. Vitalik Buterin, co-founder of Ethereum, Mt. He believes that what FTX did was a bigger scam compared to the Gox and Terra crashes. According to Buterin, Mt. It was clear what the people running the Gox and LUNA ecosystems looked like. They didn’t do much to change the perspectives of the investors, to justify themselves.
However, given the length of their acquaintance, Buterin believes Sam Bankman-Fried deserves love and support as a person. “I hope he has friends and family who can give it to him,” she added. DOGE creator Billy Markus believed the SBF deserved some jail time, too.
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