Vitalik Buterin, co-founder of the largest altcoin Ethereum (ETH), donated 20 million Dogecoin (DOGE) to the Dogecoin Foundation. The value of Buterin’s donation to the foundation is approximately $1,700,000. It is not yet clear how the Dogecoin Foundation will use the donated DOGEs, as the foundation has not made a statement on this matter.
This is not Buterin’s first donation to the Dogecoin Foundation. The ETH founder had donated 500 ETH to the foundation in previous times. Vitalik Buterin also joined the Dogecoin Foundation’s advisory board last August, along with Neuralink CEO Jared Birchall.
The Dogecoin Foundation, which was established in 2014, took a break from its activities after a while. However, Dogecoin, which also received the support of Tesla CEO Elon Musk, began to rise and increase its popularity. With the increasing popularity, the foundation resumed its activities last year.
Dogecoin, which was traded at about $ 0.087 at the time of writing, started to rise with Elon Musk’s purchase of Twitter. However, affected by the general cryptocurrency crash caused by the FTX crisis, DOGE tumbled by 20%.
Bitcoin Explained by Bukele
Famous names of the crypto money market, who want to dissipate the negative atmosphere caused by the bankruptcy of FTX, make various posts. The last share came from Bitcoin maximalist Nayib Bukele. Sharing on Twitter, Bukele explained the importance of Bitcoin.
Stating that BTC is different from the bankrupt cryptocurrency exchange FTX, Bukele said that FTX is different from BTC in that it is not transparent and handles user funds unfairly. Bukele, who wrote the world symbol and 21m at the end of his share, emphasized that Bitcoin has a limited market value of 21 million, which makes BTC a unique global asset.