Buterin, Transfers 64 ETH to Animal Organization..."Resurgence of 2021 $500 Million Donation"

▲ Ethereum (ETH), Vitalik Buterin / AI-generated image

The co-founder of Ethereum (ETH) once again urged the realization of the social value of virtual assets by generously donating funds reminiscent of the past $500 million memecoin donation incident to an animal protection foundation.

According to crypto media outlet U.Today on May 12 (local time), Ethereum co-founder Vitalik Buterin transferred 64 ETH to an animal protection foundation and simultaneously released a statement regarding the development of vegan food and artificial meat technology. Market participants, observing this transfer, immediately recalled the Shiba Inu (SHIB) donation incident that rocked the virtual asset industry in 2021. Buterin continues his unique approach of transforming digital assets into real-world social change.

In the past, Shiba Inu developers sent half of the total supply to Buterin for promotional purposes. Buterin, defying market expectations, burned 90% of that volume. The remaining 10% was donated to a virtual asset relief fund in India, a massive amount valued at $500 million at the time. This unconventional decision remains an example that excluded speculative purposes from the virtual asset ecosystem and highlighted the value of charity.

Buterin's direct charitable fund transfers are not intended to satisfy short-term speculative expectations of the market. It is an act of declaring his personal values and philosophy to the market. Although the 64 ETH transferred this time is not at a level to immediately reshape the market compared to past donation sizes, it carries a much deeper ideological message.

Buterin explained that helping animals through technological advancement has become easier than ever before. Buterin publicly urged those in the virtual asset industry to "pay more attention to our non-human companions." The core purpose of the statement is to expand ethical practices such as animal protection throughout the ecosystem using innovative technologies.

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