According to SpotOnChain, Buterin initially sold four memecoins: 330 billion LEDOG for 10.96 ETH, 3.03 trillion DOGC for 10.8 ETH, 19.95 million #99 for 1.58 ETH, and 300 million VITALIK for 1.14 ETH. The total amount of ETH raised was 24.5 coins worth $81,800. After selling the memecoins, Buterin donated 320 ETH to Coin Center for $1.07 million.

Buterin's actions have sparked heated discussions among crypto enthusiasts. Some fear that Coin Center could sell off the coins it received to fund its own initiatives, thereby putting pressure on the market. Others are confident that this will, on the contrary, draw attention to Ethereum , creating a surge in trading activity.

Buterin's donation has not had a negative impact on the ETH price. On the contrary, investors remain optimistic as the coin has surpassed the $3,600 mark. Ethereum's market cap is currently $434.7 billion.

According to IntoTheBlock, November saw a large influx of funds into spot Ethereum exchange-traded funds (ETFs). Large holders of the cryptocurrency began buying more coins in anticipation of a rally in the market. Open interest (OI) in Ethereum has also increased over the past week. According to Coinglass, it has reached an all-time high of $21.22 billion. The sharp rise in OI suggests that investors are opening new positions in Ethereum while maintaining existing ones.

In October, Vitalik Buterin sold 10 billion MOODENG tokens for 308.69 ETH. Of these, 260 ETH were donated to the biotech charity platform Kanro to combat airborne diseases.