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Vitalik Buterin's Token Sales Impact on Memecoins | Flash News Detail | Blockchain.News
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10/7/2024 1:20:08 PM

Vitalik Buterin's Token Sales Impact on Memecoins

Vitalik Buterin's Token Sales Impact on Memecoins

According to Ai 姨, Vitalik Buterin's recent sales of various memecoins have had significant impacts on their market prices. He sold $600,000 worth of SHIK, causing an 80% drop in its value, and $1 billion worth of SHIB, resulting in a 40% decrease. Interestingly, despite selling MOODENG, its price surged fourfold. This highlights the changing dynamics in the memecoin market, where airdrops to influential figures like Buterin are common marketing strategies by token teams. The contrasting outcomes of these sales suggest lessons for traders in understanding market reactions to large transactions.

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Ai 姨

@ai_9684xtpa

Ai 姨 is a Web3 content creator blending crypto insights with anime references