🚨 Vitalik Buterin's Surprise Move: Dumping NEIRO for Ethereum! 🚨
In a shocking turn of events, Ethereum co-founder Vitalik Buterin's wallet address, vitalik.eth, liquidated a whopping 17.1 billion NEIRO tokens on August 4th! 💸 The memecoin community was left reeling, wondering why Buterin would sell off such a large amount of the coin. 🤔
🐶 The Rise of NEIRO:
NEIRO, a memecoin inspired by Kabosu's new pup, gained popularity due to its connection to the iconic Doge meme. 🐾 However, the coin's journey has been marked by controversy, with multiple versions circulating on Ethereum and Solana blockchains. 🤯
🤑 The Reason Behind the Sale:
A project called "Neiro on Ethereum" sent 4% of NEIRO's total supply to Buterin's wallet, hoping for a promotional boost. 🚀 But, Buterin had other plans! He sold the coins, gaining 44.4 ETH (around $82,000) and causing a 64% price drop. 📉 However, due to low liquidity, the price quickly rebounded, surging over 100% above the initial price! 🚀
👀 Buterin's History with Memecoins
This isn't the first time Buterin has sold off memecoins sent to his wallet. He's vocal about not wanting to be used as a promotional figure for projects he's not affiliated with. 🙅♂️ In May 2021, he sold 50% of SHIB's total supply, generating around $1.2 billion! 💸
🤔 The Bigger Picture:
Buterin's actions raise important questions about the viability of memecoin projects and the ethics of using high-profile individuals for marketing purposes. 🤝 What do you think? Share your thoughts! 💬
#MarketDownturn #etherreum #VitalikButerin #Memecoins🤑🤑 #Shibalnu
