Topic: End of memecoin season by Vitalik Buterin or not? - page 4. (Read 785 times)
These situation arises when someone is holding coins which they did not invest. I guess all these coins came to his holding because of the fork or something similar as i do not believe that he is going to invest in meme coins and it is not a big surprise that he is dumping the coins he is holding and since he is holding huge number of coins it will affect the market and we might see the end of meme coins rally this season.
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.
Even in this situation, dogecoin will surely rise again!
The pump is not yet over.
Hodl is the key!
#DYOR
The pump is not yet over.
Hodl is the key!
#DYOR
Projects are borrowing Vitalik to make the FOMO community. Community greedy and buys crypto meme wishing to be rich. The first participants made a huge profit.
We need to look to the positivity of Vitalik selling his crypto as it is free. It is a good practice that Vitalik selling meme coins and donating them to charity. The losers may be angry with him, but they should also know that the money they contribute to the charities is the money they spend. They shouldn't be upset about it, they did a good job indirectly.
We need to look to the positivity of Vitalik selling his crypto as it is free. It is a good practice that Vitalik selling meme coins and donating them to charity. The losers may be angry with him, but they should also know that the money they contribute to the charities is the money they spend. They shouldn't be upset about it, they did a good job indirectly.
Donating shiba was very cool move. I would like to be sorry for anyone losing money on this but on the other hand this needed to happen eventually. Luckily profits went to charity, unlike every other rug out there. And when you think about it. Who wouldn't have sold in his shoes?
We all know that this kind of shitcoins are not going to sustained its price, thus it will just make money for those who are the early birds, jumping on the ship and then abandoning it before it go down.So yes, lucky for those investors, while newbies get REKT, I do hope that it will teach them a valuable lesson that could help them in the future and made them successful. Sometimes you really need to lose some money here to learn how everything works.
I think it was good that Vitalik Buterin did that sending funds to charity. I also think we are all agree that it was good than sending funds to terrorist. Anyway, this is not the reason that could hindrance meme coin to pump. If the time of meme coin is not yet at the end. I guess it will continue and more meme coin with NFT are going to come launch.
Vitalik did a great job selling that free memecoin from the developers so I don't think he did this one to ruin the market trend, he sold that free money to donate to the people in need, and we should praise him, $1Billion donation is not a small thing. Memecoin bubble is expected, its just that the whole market is down because of many negatives news and misunderstanding with the big investors, this is just temporary and the hype of memecoin is still here.
I think it's an elegant move from Vitalik. I think he has the same thought as mine to end all of this meme coin or shitcoin (or whatever you mention this project) era lol but in a graceful way. He started to build a serious well thought project called ethereum which is powerful, full of innovation, and with upgraded technology. He worked his as* for this, I think he doesn't just want to follow the wave of hype. Proved by all of those activities, then he's also trying to upgrade the ethereum network, he's not even gave a controversial statement like Musk, he certainly thinks all of this ruckus was enough and has to be ended. Just my opinion, thou'.
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.
These coins have no good use cases, I've warned many but they never listened, anyone who hold such coins are complete fools who knew nothing about what makes crypto projects survives
They are only care about profit and they didn't care about the usability of their coins. You can forget em all. Those people are very greedy to earn profit as much as they can. They were buying the meme coin to join in the bullish trend that happened with the garbage coins due to the manipulation by the whales. VB has proven that if meme coin is a meme coin and it will never change. The useless coin with no product is not worth to be owned by him.
that's why he was dumping his meme token instead of keep it in his wallet. Vitalik has been taking the correct action for his meme coin.
The world is such a funny place,,, making rich guys richer. Thanks to Vitalik himself he has at least sold it all off and sent it everywhere else,,, but these projects do not seem to realize that they have just made the industry weaker by doing this flooding of pointless alts into the market whose only sole purpose is to make rich guys richer.
Sigh.
Sigh.
These coins have no good use cases, I've warned many but they never listened, anyone who hold such coins are complete fools who knew nothing about what makes crypto projects survives
-cut-
When they say it doesn't impact Shib holders, why is that? If those tons of tokens get sold by whomever at whatever time, it does put selling pressure on the tokens?
I am not sure who is saying that because it obviously will affect the price and holders. Cryptorelief issued a statement that they won't just dump it but gradually sell it. Which can be even worse for the people who want it to moon, but good for cryptorelief. I honestly would like to think that this should be a lesson for people buying not doing any FA.
https://twitter.com/CryptoRelief_/status/1392559057764962304
That's so stupid of a Charity to not use the funds sent to the charity. Vitalik did the right job here, you should not send someone 50% of your supply and expect them not to spend it. I just wish he would have exchanged it to some other coins before sending to the Charity and should have donated more than keeping it with himself. But it's his coin and he can do anything with it.
It was expected that someone will sell these meme coins. And I like how Vitalik did with all these shitcoins.
If this is the end of the season, then I will be very happy.
I think in the future we will see something similar... again and again...
If this is the end of the season, then I will be very happy.
I think in the future we will see something similar... again and again...
Just go with the flow. We are all gaining profits after all out from trading this meme coin.
The hype built around these coins is gaining attention and those who didn't know how to ride will surely lose money.
This was a great move:
$1 Billion worth of SHIB token sent into "India Covid Crypto Relief Fund" address: https://etherscan.io/tx/0xb65bcbb85c1633b0ab4e4886c3cd8eeaeb63edbb39cacdb9223fdcf4454fd2c7
The hype built around these coins is gaining attention and those who didn't know how to ride will surely lose money.
This was a great move:
$1 Billion worth of SHIB token sent into "India Covid Crypto Relief Fund" address: https://etherscan.io/tx/0xb65bcbb85c1633b0ab4e4886c3cd8eeaeb63edbb39cacdb9223fdcf4454fd2c7
Faith in humanity restored. I couldn't ask for more. This was such a generous move. God bless them!
Nice move by vitalik instead of allowing his meme coins to sleep in his wallet he donated it to people in needs. Maybe some meme investors got hurt of this action by vitalik but i think he owned it and he has the power what to do to his meme coins. I think this is not the end of meme season there are still new meme coins that pop out and will get the attention and hype the masses but i think some owner or developer of the meme coin will now hesitate to send free meme coins to vitalik wallet because of what happened.
Greedy people are getting bad consequences for not learning knowledge. And Vitalik Buterin's work is still just the beginning of an end to these meaningless trends in this space, and I support his use of that money to raise money to fight the current epidemic
SHIB, DOGE, AKITA, don't know what these guys are doing around in the crypto space but they are surely disturbing the economy here. It's ironic but I am also holding the DOGE, this is all because I want to be on this train OR want to go with the flow! However, it has divided users share drastically in between bitcoin, ethereum and rest low valued coins. Otherwise no matter what, BTC & ETH would have achieved another dimension by this time.
Influencers like Vitalik & Elon, may or may not be playing around. May be they have big plans ahead, and all we are seeing is consequence of their actions. Specifically Elon, his actions seems to me legit but people are taking it completely wrong.
Influencers like Vitalik & Elon, may or may not be playing around. May be they have big plans ahead, and all we are seeing is consequence of their actions. Specifically Elon, his actions seems to me legit but people are taking it completely wrong.
I have heard about shiba and their community criticizing vitalik for selling it to donate to people affected by the epidemic, but in a certain way I see the humanity in this act of him, and fortunately I also sold all my shib before
The problem was vitalik dumping all of his token instantly. You must see that how big the dump that happened with the dogelon and it seems like that vitalik sold all of his dogelon at once. That proves that if vitalik didn't need the shitcoin. he doesn't wanna to waste his ethereum for donation.
He prefers to sell his free coin.
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