The developer of the cryptocurrency Ethereum (ETH), Vitalik Buterin, recently made a significant sale of tokens based on dog-themed memes.
According to PeckShieldAlert, Buterin exchanged 100 trillion Dobermann (DOBE) tokens for 10.4 ETH and 1.9 trillion DOGO (DOGO) coins for 3.1 ETH. Considering the current Ethereum exchange rate, these transactions earned Vitalik a profit of $30,470.
However, it's unlikely that Vitalik carried out these transactions for profit. More likely, the creators of the Dobermann and DOGO tokens sent them to Vitalik in the hope of using his name for promotional purposes. The fact that Buterin holds these digital assets adds an extra layer of credibility in the eyes of some crypto investors.
It's important to note that in October, Vitalik stated that he had not sold Ethereum for his own gain over the past five years. In most cases, he donates his digital assets to various organizations.
Therefore, transactions in ETH sent from his wallet usually have a charitable nature. Based on this, Vitalik cannot be accused of attempting to manipulate the Ethereum price when he transfers coins to exchange accounts.
