Vitalik Buterin Sells 28 Different Tokens For Nearly $1M USDC
In the latest development, Ethereum founder Vitalik Buterin once again set off a meme coin dumping craze. He recently sold some dog-themed meme coins, such as ESTEE, LDOG, etc. It is said According to blockchain data, 50.54 billion ESTEE meme coins were sold, earning 116,306 USDC. It is worth noting that ESTEE is a dog-themed meme coin, specifically inspired by the Shiba Inu (SHIB).
After Vitalik Buterin sold ESTEE coins, the price fell briefly, but soon rebounded to $0.00001903, an increase of more than 200%, and nearly 8 times higher than the lowest point of $0.0000023. Additionally, its trading volume surged 9141% to $3.16 million.
In addition, ESTEE and Buterin also uninstalled other memecoins. In the past 24 hours, he sold 340 LDOG tokens for 5.2 ETH and more than 10 trillion DINU tokens for 4181 USDC, sparking the crypto community’s comments about his portfolio changes and his response to them. Discussion of potential market impacts.
market impact
Based on the most recent X postal According to Ember monitoring, Buterin sold 28 different meme coins in the past 5 hours. The sell-off reportedly earned him $984,000 worth of USDC proceeds, which he donated to his charity, Kanro. The move is in line with his vision of using meme coins to create social impact.
Buterin’s recent sell-off has affected smaller market cap coins, causing prices to drop significantly. $DINU fell by 68% and $JSHIBA lost 38% of its value.
Buterin: Meme coin for charity and social welfare
Vitalik has been receiving tokens as gifts from various crypto projects and regularly sells them, donating the proceeds. He also recently became an adoptive parent to a baby pygmy hippopotamus named Moo Deng, which sent the meme coin MOODENG up 70%.
Buterin sees memecoins as a tool to support worthy causes. He believed they could have a positive impact on society by funding public projects and helping people in low-income areas. His actions continue to reflect this belief, as he turns unsolicited deposits of meme coins into opportunities for charitable donations.
