ZachXBT sells memecoins sent to his wallet, donates proceeds to Venezuela relief

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.