The founder of Ethereum Vitalik Buterin “blatantly” sold all 25 trillion donated SHIT tokens, immediately causing the price of the token to dump more than 40%.
Vitalik Buterin makes SHIT prices wobble
Ethereum founder Vitalik Buterin is often the target of unwanted token airdrops being sent to him. A history of his wallet shows trillions of tokens being sent to him across various projects, all hoping to capitalize on the popularity of the founder and get more eyes on their project. Vitalik received 25 trillion SHIT (NFT project token I will poop it) from an airdrop about 2 months ago.
And it seems that the founder of Ethereum is not interested in this token, Buterin sold 25 trillion SHIT on Uniswap for only $33,000. This action caused the SHIT to dump more than 42%.
The founder has been previously vocal about his displeasure for these ‘scam’ tokens that continue to pop up on the network, but more so that they are being sent to his wallet. These tokens being sent to him had ramped up significantly following the success of another meme coin Shiba Inu. In 2021, Buterin was also given 50% of the total SHIB supply by anonymous developers of Shiba Inu to remove these coins from circulation. Buterin responded by dumping 90% of these tokens, worth more than $32.5 billion at the time of the SHIB price peak.
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