Overview

• On-chain trackers including Lookonchain, citing Nansen data, show he swapped 150 billion Puppies for 28.58 ETH and 1 billion ERC20 tokens for 13,889 USDC, worth roughly $114,700.
• The transactions involved tokens sent to his wallet without solicitation, not assets he bought.
• CoinCentral reported a rapid drop of about 70% in Puppies following the sale, highlighting the volatility of thinly traded memecoins.
• He has not provided a public explanation for the sales or how the proceeds will be used.
• The moves fit a pattern dating to 2021, when he offloaded Shiba Inu, donated about $1 billion to India’s COVID relief, burned the remainder, and has often routed similar proceeds to philanthropic or neutral uses.