The memecoin craze continues to dominate the crypto world, with Ethereum-based $PEPE seeing unprecedented growth as it nears 290,000 holders.

Meanwhile, Solana memecoins are also gaining traction, with their total market cap surging to a massive $8.70 billion.

Among the top memecoins, $WIF, $BONK, and $POPCAT have each surpassed the $1 billion market cap threshold, cementing their place in the upper echelon of meme-based tokens.

Amidst this surge, Ethereum co-founder Vitalik Buterin has made headlines for selling off several meme-related tokens. In the last 30 minutes, Buterin offloaded $341K worth of #MOODENG, $DEGEN, $NEIRO, $KABOSU, and even the stablecoin $USDT, converting them into 140.67 ETH.

Buterin Makes Massive 100 ETH Donation 

However, Buterin wasn’t done there. At the same time, he made a significant contribution to the “Free Alexey & Roman” campaign, donating 100 ETH (worth around $242K) to support the legal defense of TornadoCash developers Alexey Pertsev and Roman Storm. These developers have been embroiled in legal battles following their work on TornadoCash, a privacy tool that has attracted scrutiny from authorities.

As memecoins continue to rise in popularity and market value, Vitalik’s moves serve as a reminder that while the meme-fueled token frenzy captivates the community, important issues such as privacy and freedom within the blockchain space remain at the forefront of the conversation.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: balage941/123RF // Image Effects by Colorcinch