ZachXBT sells memecoins sent to his wallet, donates proceeds to Venezuela relief
- ZachXBT sold memecoins that were airdropped to his wallet and donated the proceeds, stressing that he does not support memecoins.
- The move mirrors Vitalik Buterin’s long-running practice of liquidating unsolicited tokens and giving the money away.
- $25,000 was sent to GiveDirectly and a further $5,000 to Direct Relief through The Giving Block.
On-chain investigator ZachXBT liquidated memecoins that had been sent to his wallet and gave the money to earthquake relief programs in Venezuela to help the country’s recovery.
He clarified to followers that the memecoin sales should not be regarded as any kind of endorsement. Ethereum co-founder Vitalik Buterin has a similar history of turning unsolicited tokens into money and then giving the money away.
What memecoins did ZachXBT sell?
“Sorry I do not support or promote meme coins,” ZachXBT wrote on X, after he donated the $25,000 in memecoins that were sent to his wallet to an earthquake relief fund in Venezuela.
The on-chain investigator sold the full amount he received and posted the transaction hash (0x6875…f71ae) alongside the message.
The money was donated to GiveDirectly through The Giving Block. Hours later, he added a second gift of $5,000 to Direct Relief, again citing the Venezuela earthquakes and again routing it through The Giving Block, with its own on-chain receipt (0xc914…a070).
Over the past week, several people launched memecoins using ZachXBT’s name and image across multiple blockchains. These tokens were apparently launched without permission, with the perpetrators hoping to profit from his reputation as a well-known crypto investigator.
ZachXBT sold all the tokens he received, adding up to a total of about $41,000. All the money was sent to Direct Relief, including a previous donation of 153 SOL (Solana’s token), worth about $11,000.
ZachXBT published wallet receipts for every transfer rather than asking readers to take the claim on trust.
Does Vitalik Buterin endorse memecoins?
Projects have long airdropped memecoins to prominent crypto figures in hopes that a well-known address holding the token will function as a co-sign and lend the project credibility.
Vitalik Buterin, Ethereum cofounder, has spent years pushing back on that tactic. His wallet was flagged in late April 2026 by Arkham Intelligence for constantly selling low-cap memecoins sent to him. The on-chain data shows that he often uses automated scripts to clear out the junk tokens in his wallet.
Cryptopolitan reported in January 2026 that Buterin swapped airdropped tokens, including DEGEN, CHIB, OP, IZZY, and WOOLLY for about 9.4 ETH, worth roughly $29,400 at the time, using aggregators such as LiFi, Bungee Exchange, and Across Protocol. He has said he sees “no moral value” in the tokens and has criticized teams for treating his wallet as free marketing.
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FAQs
How much did ZachXBT donate and to which charities?
He donated $25,000 to GiveDirectly and an additional $5,000 to Direct Relief, both through The Giving Block, for Venezuela earthquake relief, and he published the transaction hashes for each transfer.
Does ZachXBT support the memecoins sent to his wallet?
No. He wrote on X, "Sorry I do not support or promote meme coins," and said the $25,000 he donated was the entire amount he had sold.
How does this compare to what Vitalik Buterin does with memecoins?
Buterin has repeatedly liquidated unsolicited memecoins sent to his wallet, including a January 2026 batch swapped for about 9.4 ETH (roughly $29,400), and has said "anything that gets sent to me gets donated to charity too."
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Hannah Collymore
Hannah is a writer and editor with nearly a decade of blog writing and event reporting experience in the crypto space. At Cryptopolitan, Hannah contributes to the news page, reporting and analyzing the latest developments in DeFi, RWA, crypto regulation, AI and frontier tech industries. She graduated from Arcadia university with a degree in Business Administration.
