Today, a significant event shook the cryptocurrency market. Ethereum co-founder Vitalik Buterin sold a considerable amount of memecoins he had received for free, netting 140.67 ETH.

Transaction Details

According to blockchain monitoring service Lookonchain, the transactions took place just four hours ago. Vitalik sold 11.76 billion MOODENG for 21.03 ETH, 70.72 million NEIRO for 29.9 ETH, 7.8 million DEGEN for 25.11 ETH, and also cleared out his holdings of 16 billion KABOSU for 22.94 ETH and 101,000 USDT for 41.69 ETH.

Community Reaction

Buterin's sales have caught the attention of the crypto community. This interest is driven by past instances where Vitalik's sell-offs led to surprising price hikes, as was the case with SHIB tokens. This has led to speculation about potential similar surges for NEIRO, MOODENG, or DEGEN.

Potential Market Impact

Like before, Vitalik's activities trigger volatility. Many projects exploit these sales to gain attention. While the ultimate outcome remains uncertain, his involvement is often viewed as a bullish sign for the tokens.

The crypto market watches closely: will we see a rise in interest in these memecoins following Buterin's recent actions? As always, the cryptocurrency world remains unpredictable, and the effects of his sales are yet to unfold.