Buterin Supports Memecoin Charity Donations, Directs Gifts

Ethereum co-founder Vitalik Buterin expressed his support for namecoin proponents donating to charity.

Sharing this sentiment in an X post, Buterin highlighted the charity donations made by bull in September and announced he will direct all namecoin gifts he receives to charity.

The Ethereum founder also disclosed plans to distribute the 10 billion Moo Deng tokens he received to anti-airborne-disease technology, while noting that he preferred that the donations be made directly to various charity groups.

He further suggested that a DAO be created for members of the namecoin community to engage in decision-making processes while suggesting that the best thing for memecoins “is if they can be maximally positive-sum for the world.”

Vitalik Buterin: A Leading Crypto Philanthropist

In 2021, Vitalik Buterin donated $1.5 billion worth of Ether and Shiba Inu coins to an Indian nonprofit to help victims of the coronavirus pandemic.

According to Buterin’s revelations, the Shiba Inu creator sent 50% of the token supply to Buterin in 2020, in a bid to boost the market’s confidence in the asset. Buterin initially carried out a token burn, destroying 90% of the token held at the time; an estimated $6 billion as of 2021.

Buterin’s commitment to donating to charity has earned him a position in the industry as one of the leading philanthropists in the cryptocurrency ecosystem. According to an article published by the fundraising platform The Giving Block in August 2024, Buterin was listed as one of the known faces of Crypto Philanthropy.