Vitalik Buterin Sells $700k Worth of Various Defi Coins – #Ethereum #Memes
Ethereum co-founder Vitalik Buterin has made waves in the cryptocurrency community by selling off a bunch of random coins that people had sent him for free. Here’s what we know about this eyebrow-raising move:
vitalik.eth (@VitalikButerin) is selling his free shitcoins.
Currently sold 50B $MOPS for 1.25 $ETH($2K), sold 10B $CULT for 58 $ETH($91K), sold 500T $SHIK for 380 $ETH($600K).https://t.co/SboWZsO8WY pic.twitter.com/xNaRTeVM7K
— Lookonchain (@lookonchain) March 7, 2023
Vitalik Buterin Sells the Following:
According to Lookonchain, Vitalik’s wallet sold off about 50 billion MOPS tokens, worth 1.25 ETH or $2,000, 10 billion CULT tokens worth 58 ETH or around $91,000, and a whopping 500 trillion SHIK tokens for 380 ETH or approximately $600,000. That’s a whole lot of cash!
Impact on Prices
Naturally, this sudden sell-off had an impact on the prices of these coins. Real-time data from CoinGecko shows that MOPS even had a bit of a moment in the sun, shooting up over 1500% in the 24 hours after Vitalik dumped his stash.
Why Vitalik Gets These Memecoins?
It turns out that Vitalik gets these memecoin drops all the time, and it’s become a bit of a tradition for memecoin developers to send their coins to his wallet in the hopes of getting some extra publicity. And boy, did they get it this time!
The Ethics Debate
Of course, this move by Vitalik has raised a few eyebrows on Twitter. Some folks are debating the ethics of selling these airdropped coins, while others are wondering why developers were dropping their coins in Vitalik’s wallet in the first place. Was it a trap? A prank? The world may never know.
Conclusion: Whatever the case may be, one thing is for sure: Vitalik is one cool customer. Who else can turn a bunch of random coins into $700k with the click of a button? Not me, that’s for sure. Keep doing you, Vitalik!
(Vitalik Buterin Sells)
