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Memecoin Meltdown: Vitalik Buterin Pays Out

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Vitalik Buterin's sale of memecoins: a sign of lost faith?

  • Vitalik Buterin bought eight memecoins for 651.6 ETH, equal to $1.62 million.
  • Buterin's motion reignited hypothesis about his insecurity in memecoins.
  • The memecoin market development remained bullish regardless of Buterin's selloff.

Ethereum co-founder Vitalik Buterin bought eight memecoins for 651.6 ETH value $1.62 million in a single hour. This transaction, recognized by Spot On Chain, a synthetic intelligence-powered cryptanalytic platform, continues Buterin's development of promoting his memecoins.

Spot On Chain reviews that Buterin has amassed 1,101 ETH value $2.78 million by promoting memecoins over the previous 9 days. True to his type, he donated a good portion of the proceeds to charity. In response to Spot On Chain, the Ethereum developer donated 360.16 ETH, equal to $884,000.

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Buterin's memecoin gross sales have renewed hypothesis about his insecurity within the cryptocurrency class. Though he claims he doesn’t personally purchase these tokens, many memecoin creators donate to him, in all probability as a advertising tactic or to achieve his help. That didn't cease him from promoting them and donating the earnings.

Additionally Learn: Buterin Help…

The put up The Memecoin Meltdown: Vitalik Buterin Cashes Out appeared first on Coin Version.

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