Ethereum's co-founder Vitalik Buterin recently sold dog-themed meme coins such as ESTEE and LDOG. Let's examine the market impact.
Impact of ESTEE Sales on the Market
According to Nansen, Buterin sold 50.54 billion ESTEE meme coins, generating 116,306 USDC. Despite a temporary price drop, ESTEE quickly rebounded with a daily gain exceeding 200%.
Buterin’s General Meme Coin Strategy
Beyond ESTEE, Buterin sold LDOG and DINU coins recently. He often receives coins unsolicited and uses them for donations, making these sales a routine practice.
Crypto Community's Reaction to Buterin's Actions
Buterin's actions are closely followed by the market and crypto community. He frequently receives meme coins for promotion, and his decisions can significantly impact their market value.
By selling his meme coin holdings, Buterin has again drawn attention to his strategy. His actions provide insights into his future direction on the crypto market.
