At first you said “sold” which made me think he sold them off and withdrew the money, but it's good to know that it was a donation, so that's good (if I'm right). Although if he sold it to withdraw the money for himself , there's also nothing wrong with that because it's all his own money, so he's the one that's going to make the decision on what he's going to do with the money and no one is going to be telling him what to do.
A small sell off like this is not an enough reason as to why the market is going to crash, it's still going to continue to increase, although there will be times when the market is going to crash a bit, but one thing i know for sure is that there's still going to be a pump at last., So for sure they are going to increase later on.
Topic: End of memecoin season by Vitalik Buterin or not? - page 3. (Read 785 times)
I really hope this is the end of the meme-coin season because the last few days and weeks were completely crazy and when you took a look at the dextools hot pair at least 6 out of 10 were some stupid meme-coins. I don't begrudge anyone who made a lot of money with these projects but I think that this flood of meme tokens is hurting the crypto market as a whole. Cryptos were just about to be taken seriously by the traditional financial market and that meme-coin hype was definitely a set-back in that regard. 99% of those meme-projects that emerged in the last weeks will be completely dead in a month or two.
Let investor learn their lesson.Looking for quick gain without learning some fundamental, it's big mistake.
It's better than let his garbage coin sitting in his wallet without any usefulness. I guess shiba was facing another 40% losses in a day due to the this news. it's not only shiba but bitcoin was also facing the same trend as ethereum as well. i think that the meme coin season is not yet ended, but shiba and friends totally overvalued at this moment dude.
I like how vitalik was to act wisely. he has lots of ethereum on his wallet and bitcoin.
I like how vitalik was to act wisely. he has lots of ethereum on his wallet and bitcoin.
This is really great move by Vitalik, instead of personally earning profit from free tokens he got, he donated it for a good cause. Which I believe, he doesn't need anymore. So why not help those in need instead? He knows the quality of those tokens and if he will just let it sit for long time, it will lose its value and it will just be wasted for nothing. I hope other wealthy devs will also do the same.
I guess vitalik is not very friendly towards holding meme coins, why keeping load of shitcoins to occupy space when you can easily dispose them at the peak price and gain some good amount! I really do not find much fault in hid action, if investors want to apportion blame it should be on the devs who thought about sending those meme coins to vitalik, something positive came out of the sell off, it was for a good cause.
LOL 
. The time I see vitalik address moving bunch of shitcoin that was sent there I know he just rekt thousands of people from it. Even in trading groups many people are crying because the price went down so fast no one predicted it.
Atleast the money he gets by dumping it well spent for social causes rather than being hogged by the shitcoin whales or rugpullers but it also seem people still have the greed to make quick buck out of this shit coin hype however I think no animal coin developer willing to sent 50% of total supply to vitalik address again, lesson learned for the devs i guess.
. The time I see vitalik address moving bunch of shitcoin that was sent there I know he just rekt thousands of people from it. Even in trading groups many people are crying because the price went down so fast no one predicted it.Atleast the money he gets by dumping it well spent for social causes rather than being hogged by the shitcoin whales or rugpullers but it also seem people still have the greed to make quick buck out of this shit coin hype however I think no animal coin developer willing to sent 50% of total supply to vitalik address again, lesson learned for the devs i guess.
legendary
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I think this kind of move made by VB to dump the shit out of these memecoin market was simply because VB doesn't want this address to be taken advantage of by these meme coin developers as mean of advertising. Just see these meme coin always trying to boast the fact that they sent 50% of total supply to VB meanwhile if their intention was to burn the coin in the first place why don't just reduce total supply of the ERC20 token first before even deployed.
Funny though how people didn't expect this kind of thing to happen meanwhile they should understand it very well once the coin sent to VB's address it's his.
Funny though how people didn't expect this kind of thing to happen meanwhile they should understand it very well once the coin sent to VB's address it's his.
I think he did well. Even though many people are angry with the vitalik buterine, the MEME coins were getting annoyingly popular, which is not cool.
Agreed but people got angry caused by vitalik does instant dump to the market. he can do better by slowly liquidating his free coin.
People will be thinking so many times before trying to put their money into the meme coin again caused by this case. I think that gives so many supplies to the ethereum developers was not a good strategy.
I see that there's no dogelon remaining on the VB's wallet. he is not yet dumping all of his shiba, at least not this time.
I welcome what vitalik buterin does. and I appreciate his donations. sooner or later this was supposed to happen. MEME coins were increasingly dominating the market and someone had to say stop. I think it was a vitalik buterin that took on this task. I think he did well. Even though many people are angry with the vitalik buterine, the MEME coins were getting annoyingly popular, which is not cool.
Vitalik Buterin did everything right. Any user would have done this, but Vitalik acted a little more cunningly, he did not sell tokens right away, but waited a little while for market participants to calm down.
The price of these tokens was based only on promises to create an ecosystem, and such projects are not needed by the Ethereum community.
The price of these tokens was based only on promises to create an ecosystem, and such projects are not needed by the Ethereum community.
Well, it was a normal move, because someone needs to take profits and we know that in the case at SHIB it was different due to the donation. Perhaps it's the end of the season or it ends up happening the other way around and leveraging due to the attractiveness of fast profit and volume traded. It's not enough to be a meme, you need to provide other characteristics, otherwise it won't attract attention.
Meme coin is part of Cryptocurrency culture since the days of doge, just because Vitalik sold his coin for charity does not mean meme coins will seize to exist in Cryptocurrency. The hype and euphoric rise may come down giving way to more useful, valuable and important coin that could help Cryptocurrency to grow in quantifiable terms!
Vitalik Buterin sold his coins and gave for charity but from what i understand he sold most of the coins he is holding in other alts as well and i have seen a thread where the details of his transactions are mentioned. May be these meme coins will still continue to gain momentum but the amount of coins Vitalik Buterin is really huge and it will take a really long time before we see any rally in these meme coins. legendary
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Well, if I was vb, I would have clearly done the same thing, or Maybe worst cus I would dumped the entire coins on the market, cause a huge crash then donate all the eth realized from this to charity.
I just wonder when people can learn, all this useless meme coins are striving believe they are been given attention, if it launches and no one pays attention to it, that one will definitely die off and this will discourage any other from coming up, people know that this meme coins are like ponzi schemes where only the early adopters benefit, late comers always end up loosing their money, but yet, people will still choose to support this useless projects over good projects that are building real world solutions to a problem.
As many that will loose money on this, this will serve as a lesson to them all, put your money in a good projects are not projects with no future.
I just wonder when people can learn, all this useless meme coins are striving believe they are been given attention, if it launches and no one pays attention to it, that one will definitely die off and this will discourage any other from coming up, people know that this meme coins are like ponzi schemes where only the early adopters benefit, late comers always end up loosing their money, but yet, people will still choose to support this useless projects over good projects that are building real world solutions to a problem.
As many that will loose money on this, this will serve as a lesson to them all, put your money in a good projects are not projects with no future.
Meme coin is part of Cryptocurrency culture since the days of doge, just because Vitalik sold his coin for charity does not mean meme coins will seize to exist in Cryptocurrency. The hype and euphoric rise may come down giving way to more useful, valuable and important coin that could help Cryptocurrency to grow in quantifiable terms!
On Shiba's dump, I was at 50% lost but well I don't mind since VB had donated those coins he dumped on the Country that needed it most. And I believe many developer learned some lesson here. If they wanted scarcity, never send their token to VB or it will reenter circulation,
Seems like it totally makes sense. If people send you useless and valueless stuff that has absolutely no way to be used at all, and it worths a lot of money for some reason? You end up selling it right away. If people gave me $10 worth of shibu, I would have sold it as well, anything higher I would have sold even more, as long as it was more than what the price of gas fee at that moment was I would have sold anything above that to make a profit.
Long story short vitalik is not really forced to keep those coins just because it was given to him, if you gave it to him that means that you gave it to him, so it is all his, and he can do anything he wants with it, he could buy more or sell or do whatever. This was basically a marketing move by these memecoins to get his attention, but it obviously backfired by a big margin and now they are complaining about it.
Long story short vitalik is not really forced to keep those coins just because it was given to him, if you gave it to him that means that you gave it to him, so it is all his, and he can do anything he wants with it, he could buy more or sell or do whatever. This was basically a marketing move by these memecoins to get his attention, but it obviously backfired by a big margin and now they are complaining about it.
If you look at ELON AKITA, they suffered the most, but SHIBA INU not so much and as you can see, they are gradually renewing their positions. I know there are many other projects, but I was the least affected by FEG, they actually burned 50% of the tokens. It's funny that they were attacked because of fake information. I'm just shocked how people are being manipulated.
There are more good projects that have strong fundamentals than those meme coins who are now hyping the market,
those who bought at the peak are now regretting as the value of their investment is much lesser from their initials,
though those who made it in the right timing they are the gainers before this current downfall happened.
I dont think this meme coin will be a live for couple of years from now, this meme coin is just a simple pump and dump to create fomo and to grab some one ethereum. What is this meme coin do ? Many project out there is more valueable then shiba inu, akita or others.
We don't need to wait for another year, these coins will be become a death one when bear market will happen. Indeed, there are so many projects with best use-cases which can't even get listed into innovation zone on any exchanges. But shiba inu get listed on top exchanges as exchanges just want the trading fee so that their revenue can grow which isn't smart move, IMHO. 
Vitalik Owns 50% of the Shiba Inu coin, that is why when he sold a percentage of it, it crashes, at the same time its a bit hype like dogecoin with no products or anything they say they will be releasing shibaswap, but at the end of the day its also a meme coin, it might take some time to overtake doge by this coin, but if they will show us a good project then this might have something to hold on, I think VB only sold 5% for a charity, so the coin might still survive.
That’s the best thing happen to these meme coins being donated to charities. I think any new shitcoins will not attempt to send tokens to Vitaliks address again knowing this move and could potentially hurt the price, its obviously part of their strategy to gain adoption by sending Vitalik some pieces.
Even in this situation, dogecoin will surely rise again!
The pump is not yet over.
Hodl is the key!
#DYOR
I hope so but it looks like this dump will be so long until there will be a good news again. Bitcoin can't leave from the 50k position because the resistance is much more stronger than it. That means if doge could not increase against bitcoin. This time people are only paying their attention into the bitcoin. I guess that you know it so well dude. The pump is not yet over.
Hodl is the key!
#DYOR
Hodl is a key but when the market goes even deeper than this time and you must think that again for the second time. Doge has a chance to bump but at the same time it can go to the bottom.
If you are a holder of these shitcoins I suggest you follow button idea here, the almighty bullrun will soon be over and these coins will be the most losing coin because they have no real use case, it's time to dump
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