Vitalik Buterin “Cleaned Up” 25 Trillion SHIT Tokens

The founder of Ethereum Vitalik Buterin “blatantly” sold all 25 trillion donated SHIT tokens, immediately causing the price of the token to dump more than 40%.

Vitalik Buterin makes SHIT prices wobble

Ethereum founder Vitalik Buterin is often the target of unwanted token airdrops being sent to him. A history of his wallet shows trillions of tokens being sent to him across various projects, all hoping to capitalize on the popularity of the founder and get more eyes on their project. Vitalik received 25 trillion SHIT (NFT project token I will poop it) from an airdrop about 2 months ago.

And it seems that the founder of Ethereum is not interested in this token, Buterin sold 25 trillion SHIT on Uniswap for only $33,000. This action caused the SHIT to dump more than 42%.

Strong SHIT dump price after the transaction

The founder has been previously vocal about his displeasure for these ‘scam’ tokens that continue to pop up on the network, but more so that they are being sent to his wallet. These tokens being sent to him had ramped up significantly following the success of another meme coin Shiba Inu. In 2021, Buterin was also given 50% of the total SHIB supply by anonymous developers of Shiba Inu to remove these coins from circulation. Buterin responded by dumping 90% of these tokens, worth more than $32.5 billion at the time of the SHIB price peak.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Foxy

CoinCu News

Victor

Recent Posts

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

3 hours ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

5 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

7 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

8 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

11 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

14 hours ago

This website uses cookies.