Vitalik Buterin Sends 500 Ethereum (ETH) Coins To Dogecoin Foundation

Ethereum ETH/USD co-creator Vitalik Buterin has sent the foundation associated with Dogecoin DOGE/USD 500 ETH worth more than $1 million.

What Happened: A transaction originating from Buterin’s Ethereum wallet was noted on the network of the second-largest cryptocurrency by market cap. Bitcoin BTC/USD is the apex cryptocurrency.

The age of the transaction is listed as 9 days and 18 hours ago, according to data from Etherscan.

Buterin sent the 500 ETH, worth $1.03 million at press time, to “0x5178c829b446aa25e4cf753bd3e9bb5f9d4db761.” This wallet address is listed on the Dogecoin Foundation’s web page.
See Also: Best Crypto Debit Cards

Why It Matters: Buterin is an advisor to the foundation. He was named to the board after the organization was revived after a six-year hiatus in August 2021.

The Ethereum co-creator has said that he loves DOGE and hopes to see the meme coin switch to a proof-of-stake mechanism. 

Price Action: At press time, over 24 hours, DOGE traded 4.2% lower at $0.09, while ETH traded 3.6% lower at $2,068.48.
Read Next: Bitcoin Bull 'Pomp' Reacts To Allegations He Pumped Terra (LUNA), UST Stablecoin

Market News and Data brought to you by Benzinga APIs
Posted In: CryptocurrencyNewsMarketsdogecoinEthereumVitalik Buterin
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!