Ethereum Founder Dumps Billions In These Meme Coins, Is This A Repeat Of Shiba Inu In 2021?

Founder of Ethereum Vitalik Burein Recently downloaded billions in meme coins. This reported memories of how Botterin managed the Token Shiba Inu that the founder of Shib Ryoshi sent him in 2021.

The founder of Ethereum downloads billions of meme coins

On-Catein Onchain analysis platform revealed in a X post That the founder of Ethereum had sold 150 billion puppies for 28.58 Eth ($ 114,480) and 1 billion of ERC20 for $ 13,889 USDC. These are token that Vitalik has received for free, since the teams of meme coins and the community are known for sending coins to The founder of Ethereum.

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This practice dates back to 2021, when the founder of Shiba Inu Ryoshi sent 500 trillion of Token Shibi, which represented half of the The total offer of Meme Coin. The founder of Ethereum has known 450 trillions of coins, sending them to a dead portfolio, while he donated the remaining 50 trillion coins to help fight Covid-19 pandemic at the time.

Since then, Vitalik has adopted a similar approach for each meme currency Receives. The founder of Ethereum usually sells these coins and then gives the proceeds to charity. He had mentioned Last year it would really have preferred if these coins had been sent directly to charity. Vitalik also recommended community members to take into consideration the idea of ​​creating a DAO and involving the members of the community directly involved in the decision -making process.

The founder of Ethereum has added that the best thing for meme coins is if they can be a maximum positive sum for the world and that it will be nice to see moments in which this actually happens. However, these Vitalik transfers are often seen as a means of these meme coins to increase their visibility.

Vitalik’s move with Token Shibiv has undoubtedly helped to put Shiba Inu in the spotlight. He burned those token just as the meme coin went in legendary race in 2021, reaching his current (ATH) of $ 0.00008845 in the process.

A peek in the public wallet of Vitalik

Arkham data It shows that the founder of Ethereum has even more meme coins in his pubic wallet, which he received from the members of the community. Its largest detention of meme coins is currently Moodeng, which holds 30 billion coins for a value of $ 518,000. In the meantime, his The greatest detention of cryptocurrency Eth remains in value. Vitalik holds 240,000 ETH worth just over $ 1 billion.

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The founder of Ethereum has regained his billionaire status on Chain following Eth’s break above $ 4,000 last month. Eth at the end reached A new ATH in the process, which caused the short increase in Vitalik’s wealth. However, the largest Altcoin is currently struggling to retain the psychological level of $ 4,000 in the midst of the recent reduction of the cryptocurrency market.

At the time of the drafting, the price of Ethereum is exchanged for about $ 4,200, increasing over 2% in the last 24 hours, second data from Coinmarketcap.

Ethereum
Eth Trading at $ 4,181 on the 1D chart | Source: Ethusdt on TradingView.com

First floor image from Medium, graphic designer from tradingview.com

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