Saturday, August 13, 2022
Home Crypto News Market Ethereum Founder Sends 500 ETH To Dogecoin Foundation

Ethereum Founder Sends 500 ETH To Dogecoin Foundation

- Advertisement -

Ethereum Founder Sends 500 ETH To Dogecoin Foundation.

It’s not always that Vitalik Buterin sends funds to support other crypto projects. However, he appears to have developed a liking for DOGE.

About 9 days ago, an Ethereum transaction was recorded. This particular transaction originated from a crypto wallet controlled by Vitalik Buterin. The transaction involved 500 ETH coins sent to a crypto address belonging to the Dogecoin Foundation. At current prices, the transaction is worth around $1 million.

Image source:

Who Is Vitalik To DOGE?

Vitalik Buterin loves Dogecoin, and he has been recorded admitting as much in the recent past. According to him, the crypto is great but would fare better if the network switched to proof-of-stake. He hopes to see this happen in the near future.

Buterin was appointed as an advisor to the Dogecoin Foundation and joined its board back in August 2021. This was the first board meeting of the foundation in 6 years. In this case, it is clear that Buterin is a huge fan of DOGE and that sending support isn’t much of a shocker.

DOGE Market

At this moment, DOGE is trading at around $0.089 and is at position 10 in the charts. There have been efforts to improve the crypto’s utility, and Buterin’s contribution may be aimed at boosting these efforts.

Dogecoin started as a fork from Litecoin back in December 2013. It was created by Billy Markus and Jackson Palmer. Since then, crypto that was initially seen as a joke has grown to be one of the top and most popular coins in the market.

For one, being among the top 20 cryptos in the charts is a big deal to any crypto project. There are currently over 4,000 crypto projects in existence.

DOGE’s switch to a proof-of-stake mechanism is still in the works, although there hasn’t been a clear timeline as to when this will happen.

- Advertisement -


The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

IOG Says “Getting Things Right” Is The Priority After Cardano Investor Asked When Vasil Will Launch

  IOG has responded to ADA investors who are eager to know the exact date for the launch of the Vasil hard fork.  Input Output Global...

The Deputy Minister Of Digital Transformation Says Ukraine Should Launch A CBDC

Alex Bornyakov is in support of a digital hryvnia. In a four-tweet thread on Friday, Ukraine's Deputy Minister Of Digital Transformation, Alex Bornyakov, argues that...

Shiba Inu Lead Developer Gets A Harsh Response From “Can You Pet The Dog”

  "Can You Pet The Dog" Shuns Shiba Inu Game, Shiba Eternity As It Wants Nothing To Do With Crypto Projects. ...

Shiba Inu And BONE Becomes Top Trending Coins in Asia, USA, and Canada

Shiba Inu and Bone are trending worldwide. window.coinzilla_display = window.coinzilla_display || ; var c_display_preferences...

NOWNodes Adds Support for Shiba Inu Burn Portal Reward Token Ryoshi Vision (RYOSHI)

  The listing of RYOSHI will enable developers to build on Ryoshi Vision via NOWNode's platform. window.coinzilla_display =...

71,225 XRP Holders Now Stand With Ripple Against SEC, Deaton Says All XRP Investors Are Leaders Of XRPArmy

  The Amici attorney has commended XRP investors for their collaboration toward Ripple’s legal battle against the SEC.  ...

One Year After Burning Mechanism Launched, 2.5 Million Ethereum Worth $5B Burnt, Is ETH Becoming Deflationary?

  About 2.1% of Ethereum's circulating supply has been burned since the London hard fork. window.coinzilla_display = window.coinzilla_display...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.