Vitalik Buterin sold Meme coins to cash out $636,000, and V God's MEME experienced a huge pullback
Ethereum co-founder Vitalik Buterin recently sold multiple meme coins to cash out $636,000 (about 257.1 ETH), which once again sparked controversy about investor risks and low liquidity tokens.
According to data from blockchain tracking platform Lookonchain, the meme coins sold by Buterin included 330,000 MSTR (114.1 ETH, about $282,000), 14 million POPCAT (74.99 ETH, about $186,000) and 14 billion ITO (36.55 ETH, about $90,000), and other small transactions also involved tokens such as ETH6900, SATO, and Milo.
The sale sparked widespread discussion, with some investors expressing dissatisfaction with the way he made profits. One comment sarcastically said: "Vitalik can make millions just by breathing." However, Buterin stated earlier that the proceeds of these tokens will be donated to charities, and called on meme coin creators to donate directly to charity, or to manage community donations through DAO.
Many project parties want to take advantage of Vitalik's popularity in this way, but in fact, this way of playing is no longer effective. Those who followed the purchase have suffered a lot of losses. Although MEME is hot, the risks and fluctuations are huge, so be careful when operating
What do you think? What MEME are you playing?
