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Ethereum Creator, Vitalik Buterin, Donates Over $1B [of 'meme coins'] to India COVID Relief
by rezzeJ

    Vitalik Buterin has sent massive quantities of "meme coins" that were gifted to him to several charities. Buterin has sent 13,292 ETH worth $54 million, at the time of the transaction, to Givewell, a non-profit organization that evaluates the effectiveness of charities. He sent approximately $336 million worth of ELON to the Methuselah Foundation, a non-profit dedicated to tissue engineering and making "90 the new 50 by 2030."

    He gave another 1050 ETH worth over $4.2 million to the AI Safety Organization. Next, he sent 500 ETH and over 50 trillion SHIB worth around $1.14 billion at the time of the transaction to the India Covid-Crypto Relief Fund.

    In total, Buterin gave away over $1.5 billion in crypto donations. While the move was exceptionally generous, these transactions caused some of these meme coines to plummet in value and some questioned if he had an ulterior motive.