Key Points:

• Vitalik Buterin offloaded 17.1 billion memecoin Neiros (4% of the total supply) for 44.4 ETH.
• The sell-off caused Neiro’s price to crash by 60%, sparking panic among investors.

Vitalik Buterin has dumped a large amount of the memecoin Neiro, causing the value to drop significantly.

A relatively unknown memecoin, Neiro, transferred 17.1 billion Neiros—4% of the total supply—to Vitalik’s address. It was a strategic move to hype up Vitalik as the highest holder and to use his high profile to increase the coin’s credibility, hence the attractiveness, in the cryptocurrency community.

Read more: Bobo: A New Marvel in the Memecoin Universe

Vitalik Buterin Offloads 17.1 Billion Neiros

It backfired when Vitalik sold 17.1 billion memecoin Neiro in exchange for 44.4 ETH. In a flash, sell-offs occurred, and Neiro’s price dropped drastically by 60%, panicking all investors and holders of the coin. The price collapse further highlighted the risks associated with meme coins, which are highly volatile and susceptible to market manipulations.

There may be a few meme coins bearing the name Neiro across the cryptocurrency market, but one pegged to this event is the Neiro that Vitalik sold.

memecoin

Memecoin Neiro

Memecoin Neiro Plummet

Vitalik Buterin

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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News

Memecoin Neiro Plummets 60% as Vitalik Sells for 44.4 ETH!

Key Points:

• Vitalik Buterin offloaded 17.1 billion memecoin Neiros (4% of the total supply) for 44.4 ETH.
• The sell-off caused Neiro’s price to crash by 60%, sparking panic among investors.

Vitalik Buterin has dumped a large amount of the memecoin Neiro, causing the value to drop significantly.

A relatively unknown memecoin, Neiro, transferred 17.1 billion Neiros—4% of the total supply—to Vitalik’s address. It was a strategic move to hype up Vitalik as the highest holder and to use his high profile to increase the coin’s credibility, hence the attractiveness, in the cryptocurrency community.

Read more: Bobo: A New Marvel in the Memecoin Universe

Vitalik Buterin Offloads 17.1 Billion Neiros

It backfired when Vitalik sold 17.1 billion memecoin Neiro in exchange for 44.4 ETH. In a flash, sell-offs occurred, and Neiro’s price dropped drastically by 60%, panicking all investors and holders of the coin. The price collapse further highlighted the risks associated with meme coins, which are highly volatile and susceptible to market manipulations.

There may be a few meme coins bearing the name Neiro across the cryptocurrency market, but one pegged to this event is the Neiro that Vitalik sold.

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.

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