Mon. Jul 4th, 2022

Vitalik Buterinfounder of Ethereum, sent the equivalent of around 1 million dollars in ETH to the Dogecoin Foundation, responsible for DOGE. The transaction took place this Monday morning (16). Although he has not publicly commented on the reasons for this donation, it is worth noting that Buterin has been involved with Dogecoin since September of last year. Currently, the founder of Ethereum is listed as an adviser to Dogecoin on the cryptocurrency’s own website. In addition to this donation, Buterin has already donated 67 billion tokens Shiba Inu (SHIB) to help fight Covid-19. The difference is that those billion had also been a donation for him, since these 500 ETH seem to have come out of his own pocket.

Vitalik and his donation of 500 ETH to DOGE

Vitalik Buterin, founder of Ethereum, sent 500 ETH (around USD $1 million) to the Dogecoin Foundation this Monday (16). Interestingly, this is the first donation the foundation has received, perhaps because this donation address was recently added to the DOGE website.

Vitalik Buterin sends 500 ETH to the Dogecoin Foundation. Source: EtherScan

Address to which Vitalik Buterin sent 500 ETH, found on the Dogecoin website. Therefore, such action may have been a marketing ploy to show that the DOGE team is getting paid. In addition to the Ethereum address, the site also displays one for donations from DOGE itself. Such information did not appear on the site until recently. While he did not reveal any further details about this transaction, it is notable that Buterin is involved in the development of Dogecoin. One of the biggest suggestions from him is that DOGE migrate from Proof of Work (PoW) to Proof of Stake (PoS), just like you’re doing ethereum. Therefore, such a donation may be an incentive for the DOGE developers to work on these and other changes. After all, until now they seemed to work on this cryptocurrency only as a hobby.

The donation seems to have gone unnoticed

So far, not even Shibetoshi Nakamoto, creator of Dogecoin, seems to have seen Vitalik Buterin’s 500 ETH donation. On his social media, Shibetoshi seems to be amused by the fall of the Earth (MOON)as it’s shown in the following.

“It’s certainly hard to feel bad for victims when they act like scammers.”

His comment comes after he himself recommended to Do Kwon, creator of LUNA, to abandon cryptocurrencies and stop making more victims. After all, Shibetoshi seems to be detached from money, as he only bought a used Honda Civic with DOGE from him in 2015.

By Farwa Raza

Farwa Raza is a writer who specializes in news articles. She has been writing on for over one years, and during that time she has written over 100+ articles on various topics ranging from politics to entertainment. Her goal as an author is to provide readers with the latest news stories while also providing her own opinion on them.