Vitalik Buterin Sells Meme Coin and Prints 315,000 DAI, What’s Up?

Jakarta, Pintu News – Vitalik Buterin, the co-founder of Ethereum ETH->Current ETH PriceRp 0Market Cap-Trading Volume-Circulating Supply- and one of the most influential figures in the crypto world, recently made a rather surprising transaction. On March 18, 2025, he minted 315,382 DAI, a dollar-based stablecoin, after selling various meme coins to get Ethereum (ETH).

This move is of great concern as Vitalik rarely sells crypto assets associated with his personal wallet. Some users speculate that he may be selling assets to pay for his personal needs, while others see this as part of a larger financial strategy.

Check out the full news below!

Vitalik Sells Meme Coin and Exchanges it for ETH

Based on data from Onchain Lens, Vitalik sold various meme coins before minting DAI. Some of the assets he sold include:

• 146.18 billion FML
• 180.88 billion Shiba Inu SHIB->Current SHIB PriceRp 0Market Cap-Trading Volume-Circulating Supply-
• 7.17 billion VB
• 366.47 million AWESOME

From this sale, he collected 6,507 ETH, which, when converted to rupiah, is equivalent to Rp1.74 billion. In addition, he sold 5,000 Dohrnii DHN->Current DHN PriceRp 0Market Cap-Trading Volume-Circulating Supply-, which resulted in an additional 65.19 ETH or around Rp17.9 billion.

Although the amount of ETH acquired was small compared to his total holdings, this action still caught the crypto community’s attention. Vitalik doesn’t usually sell crypto assets associated with his wallet, so there was a lot of speculation about this move.

Also read: How Much Bitcoin Do Michael Saylor and MicroStrategy Own?

Speculation: Vitalik Sells Assets to Pay Bills?

With Ethereum’s price currently at a monthly low and underperformance over the past year, some social media users joked that Vitalik was forced to sell ETH to pay his bills.

However, for some analysts, this transaction may be a strategic move. Given the volatile crypto market, the sale of many meme coins could signal that Vitalik is reorganizing his portfolio.

Some have also suggested that this sale could be related to financial experiments conducted by the Ethereum Foundation. However, without an official statement from Vitalik himself, the reason behind this transaction remains a mystery.

Also read: 3 Altcoins that Whales Bought Before the Bull Run Started

How Much Crypto Assets Does Vitalik Currently Own?

According to data from Etherscan, Vitalik still owns 772.60 ETH, which is worth around Rp23.7 billion (equivalent to $1.46 million). He also owns other tokens with a value of around IDR 8.7 billion ($536,000).

Despite selling various meme coins, Vitalik’s ETH holdings are still quite large. However, with the crypto market’s high volatility, many are wondering if he will return to similar transactions in the future.

Conclusion

Vitalik Buterin’s move to mint 315,000 DAI after selling various meme coins sparked a lot of speculation in the crypto community. Is this part of a larger financial strategy, or simply a maneuver to secure profits?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CryptoTimes. Vitalik Mints 315k DAI, Sold Multiple Meme Coins For ETH. Accessed March 20, 2025.
• Featured Image: CNBC