In the last half-hour, Vitalik Buterin made headlines by liquidating a portion of the assets recently transferred to his wallet by various memecoin projects, converting them to approximately 145 ETH, valued at around $350,000.
These assets included a donation of 105,000 USDT from the Cate project, 71 million Neiro tokens sent by the 0x41e...f31 address, a staggering 12 billion MOODENG tokens from the Moodeng On Eth project, 8 million DEGEN tokens that were airdropped by the Degen project, and a hefty 16.5 billion KABOSU tokens, also sent by the 0x41e...f31 address.
This move has sparked discussions in the crypto community, especially given the notable sum raised from the sale. Many are speculating on the potential reasons behind Vitalik’s decision to offload these assets, considering the memecoin projects involved.
While such actions are not uncommon for Vitalik, it’s always interesting to see how the market and individual projects react to his trades, given his influential role in the space.
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