Vitalik’s Crypto Shuffle: Minting DAI and trading meme coins – just another day for Ethereum’s mastermind?

Vitalik Buterin executed notable transactions onchain.
Recent transactions highlight Buterin’s crypto market participation.
Buterin’s DHN sale triggered volatility in the meme coin’s price.

Latest on-chain data reveals some noteworthy transactions by Ethereum co-founder Vitalik Buterin.

According to the latest report from a prominent data provider, Buterin minted 315,382 DAI tokens and exchanged a variety of meme coins for ETH.

How Much ETH Did Buterin Gain from Meme Coins?

The report indicates that the Ethereum co-founder netted 71.69 ETH, equivalent to $136,684 at current prices, after selling off several meme coins from his portfolio. These transactions included the sale of 146.18 billion FML tokens for 2.51 ETH and the exchange of 180.88 billion SHIB for 0.987 ETH.

The on-chain data provider also reported that Buterin sold 7.17 billion VB tokens for 1.57 ETH and 366.47 million AWESOME for 1.44 ETH. His total earnings were further boosted by 65.19 ETH, which he received after selling 5,000 DHN tokens.

Based on these recent activities, crypto analysts have observed Buterin’s increased engagement in the broader crypto space, extending beyond just the Ethereum ecosystem.

It also highlights his active participation in the crypto market, particularly his selling of meme coins, most of which he received as unsolicited donations from their creators early on.

According to reports, Buterin’s DHN sale caused the meme coin’s value to drop by almost 50% before posting a comeback. DHN’s price crashed from $39 to $20 following the sale before making a sharp recovery to reclaim the losses. The meme coin traded for $42.5 at the time of writing, climbing above the price before Buterin’s selloff, according to data from TradingView.

Buterin is a key figure in the crypto industry, introducing the first DApps creation platform that revolutionized blockchain development. A highly anticipated documentary, Vitalik: An Ethereum Story, will be released on April 15, and crypto community members expect the film to provide an in-depth look into the life of the brain behind the Ethereum blockchain.

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