Ethereum co-founder Vitalik Buterin has transferred nearly $1 million of Circle's USDC stablecoin to the donation address of his biotech fund, Kanro.

On January 6, Buterin executed a series of swaps selling memi coins for USDC (US dollars) Stablecoin tokens designated for charitable donations. The address "vitalik.eth" sold approximately 28 meme coins, generating $984,000 in sales, according to Data.

Meme coin developers often send free tokens to Buterin's public wallet, either as a marketing strategy or as a tribute to one of the most popular blockchain developers and leaders.

Buterin sometimes disposes of these tokens to fund charitable causes. Although its sales are unintended, they often lead to significant price drops of the tokens in question. For example, the value of DINU, one of the cryptocurrencies he sold, fell by 68% after he exchanged it for USDC.

DINU, one of the meme cryptocurrencies, fell 68% after Buterin exchanged it for USDC tokens sent to a Kanro address. Kanro is a biotech fund created by Buterin in 2023 and serves as one of the many ways the Ethereum co-founder gives back.

Across the chain, moderators often track Buterin's public address for hints about potential donations and meme pranks. And in October it is Sold bobcat (Bobcat) and other meme symbols worth about $2.24 million in ether (Ethereum).

So buterin I donated 10 million Thai baht, or approximately US$290,000, to Khao Khiaw Open Zoo, the keepers of Internet celebrity hippopotamus Mo Ding.