Ethereum founder Vitalic Buterinehas sold hundreds of thousands of dollars worth of meme coins. According to reports, Buterin 50 billion MOPS to 1.25 ETH (about $2,000), 10 billion CULTs to 58 ETH (about $91,000), and 500 trillion SHIKs to 380 ETH (about $600,000) sold it.
It is known that Vitalik has previously sold SHIBs in the same way.
Ethereum Founder Vitalik Buterin Sells Meme Coins
These shitcoins were distributed to Buterin for free by various crypto projects hoping to gain Buterin’s support. Buterin has expressed his reluctance to support such projects.
vitalik.eth (@VitalikButerin) is selling his free shitcoins.
Currently sold 50B $MOPS for 1.25 $ETH($2K), left 10B $CULT for 58 $ETH($91K), sold 500T $SHIK for 380 $ETH($600K).https://t.co/SboWZsO8WY pic.twitter.com/xNaRTeVM7K
— Lookonchain (@lookonchain) March 7, 2023
He has often criticized the practice of giving out tokens to prominent people over the air, calling it a “marketing gimmick”.
The recent sale of Buterin’s shitcoins has raised questions about their legitimacy and value.
However, the sale of Buterin’s shitcoins has also sparked controversy about the ethics of accepting free tokens and the responsibilities involved in receiving them.
Some argue that accepting such tokens legitimizes their distribution and contributes to the proliferation of low-quality projects.
Buterin’s decision to sell his shitcoins can be seen as a way for the crypto industry to move away from projects that don’t align with his values and vision.
This also reminds investors to be careful when investing in cryptocurrencies and do their own research before purchasing any token, no matter how well-known its backers.
In conclusion, the sale of Buterin’s shitcoins highlights the need for greater transparency and accountability in the crypto industry.
Although the practice of over-the-air distribution of tokens continues, investors should be vigilant and aware of the projects they support to avoid falling victim to scams and scams.
*Not investment advice.
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