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Topic: End of memecoin season by Vitalik Buterin or not? - page 5. (Read 804 times)

legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
So, what happened to Safemoon and Safemars? Weren't those meme tokens also sent to him? Well, truth remains that at every point of a bull rally the crypto industry will have a trend it follows. At this point I think it's Meme tokens and NTFs. No matter what happens, there are going to be investors who will find meme tokens attractive to invest in because of its very cheap price even when it's obvious most don't have any development beyond being on Dex. Let's see how the entire industry navigates this trend in a few months to come.
full member
Activity: 1204
Merit: 105
PredX - AI-Powered Prediction Market
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
hero member
Activity: 1526
Merit: 597
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?



When I started reading this I thought Vitalik Buterin turned out to be a douchebag as those coins were supposed to be removed from circulation. Good to know he sends it to the right places in this world right now. 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?
hero member
Activity: 3024
Merit: 614
Leading Crypto Sports Betting & Casino Platform
People investing in this kind of project meme coins should understand the risk and learn how to dispose of in the right time, we can only do this if we are in control of our greed, people losing on this kind of project because they waited for more profit the project can give them, they eventually realize that wishing for more profit is risky behavior.
full member
Activity: 2128
Merit: 180
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.
That's how we should deal on this market to become more profitable, every time there's a new trend we should also do our studies and research about it on how to ride properly so you can know when to buy and sell. If you're a risk taker, you already have a lot of money from those shitcoins. Vitalik is not the only whales playing on the market so I don't think this is because of his actions but simple because investors are slowly realizing the possible scenario for this shitcoins. I'd rather buy early and sell early with those meme tokens, always secure your profit.
sr. member
Activity: 1988
Merit: 275
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.

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.
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
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.
full member
Activity: 1050
Merit: 103
BIB Exchange
People like Sandeep inspire hope in humanity, there are all such people who do not think about their wealth. Of course Vitalik Buterin and Sandeep received social approval +999))
legendary
Activity: 2436
Merit: 1008
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

legendary
Activity: 3080
Merit: 1178
Leading Crypto Sports Betting & Casino Platform
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?

sr. member
Activity: 1456
Merit: 280
BitByte Crypto: https://link3.to/bitbytecrypto
Everyone was so much hyped up as dogecoin is pumped so hard and all thanks to great entertainer Elon Musk.  Grin In the meantime, more and more memecoins ( i would say "Shitcoins" without any fundamentals. For those die-hard fans, i also made profits from this type of coins, but didn't think to hodl it for long. ) was entered into this market and made so many millionaires within no times. Even binance took participation into this memecoin season by adding shiba inu. But most of those new holders are almost got rekt as Vitalik Buterin sold off those every memecoins which was sent by the project team into his wallet. Take a look into every one of those transections and best part is that vitalik transfered shiba inu token into "Indian Covid Relief" address which is really great.


Important Note: According to Shiba Inu's whitepaper, 50% of total supply was sent to Vitalik Buterin from SHIB token developers for creating scarcity and remove those from circulation.


First, he sold off "Akita Inu" tokens

Confirmed approval: https://etherscan.io/tx/0x8e58001a8b4d7d8786e1f75a7d68e045c3f18de39ce584b198e6b900feb45b5a
1st selling worth of 129.58 ETH : https://etherscan.io/tx/0x37a4ebb4412264baada7324c61f5cf4bd5f0d5091645b18dfcf477c02e2071bc
2nd selling worth of 193.22 ETH: https://etherscan.io/tx/0xa56e67e1f0c74ff0c681ed846a556911d58644a7665ece979f35a61c595b7f75
3rd selling worth of 153.39 ETH: https://etherscan.io/tx/0xc8177ef3215e0658437b0c7a72b2695b1df66c9a817b982762f2f65455a32e96
4th selling worth of 162.71 ETH: https://etherscan.io/tx/0x917d3c9af2ac8c6e909d0ee16441e5b309c5b539e768c4ed719bb3c04d516cf3
5th selling worth of 141.60 ETH: https://etherscan.io/tx/0x78481f74355950ed905a43b39cec3f89812edfb0969f0b67c1986a6c24bc129c
6th selling worth of 104.10 ETH:  https://etherscan.io/tx/0x472b914a37f1be38f466499789d0b01cca7de4df5103095df5b36f678a1def36
7th selling worth of 165.94 ETH:  https://etherscan.io/tx/0xbd57b2abc46a5e2baa8c9b7647f6a84fdd34ae0f02b42788c8e5537a0a9bcebd

Total ETH from those selling: 1049.55 ETH

49T Akita Token sent to Gitcoin grants: https://etherscan.io/tx/0x2fb8b58f85ab4773da00771f7f1e1a9eacf99af0ef3310b75ebcd017099f7b3c


Second, he sold off "Shiba Inu" tokens

Confirmed approval: https://etherscan.io/tx/0xc1db1625d05dfe6550d5e8b0ede636034ba70dafb06067aaf7fe2c8e42265782
1st selling worth of 107.37 WETH : https://etherscan.io/tx/0xfa76a53a1b816c30f98f5456982cd0ccbb2c88b24049c928dfe4db6c8ae89aed
2nd selling worth of 111.32 WETH: https://etherscan.io/tx/0x9bd2ec874b113bfb4fc08ba4afa35be49d55eb157451030046cc519e14dda27b
3rd selling worth of 129.61 WETH: https://etherscan.io/tx/0x9492df71b406177dbc12b9ea9191ff7fb6c96423d49eb787b69fd210046c4aad
4th selling worth of 118.82 WETH: https://etherscan.io/tx/0x65330afc2d051844e316d88229447f1fc21635de044ce4c660464216c0f4a7f5
5th selling worth of 126.55 WETH: https://etherscan.io/tx/0xfccd3aec3c5bb9afa7114bb713a2da1c29c4a962afbb86b86e1baf95b69e3114
6th selling worth of 119.35 WETH: https://etherscan.io/tx/0x24d2b41a8bfebdfcae63368f038fe61ae68ef9dcac98cdeaf3c8e6cf56aecf46
7th selling worth of 299.10 WETH: https://etherscan.io/tx/0x8e6cd8575104df314c9e2c87b647d10a6fc6f71b799c4e76d529e777a62a59da

Total ETH from those selling: 1012.12 WETH

$1 Billion worth of SHIB token sent into "India Covid Crypto Relief Fund" address: https://etherscan.io/tx/0xb65bcbb85c1633b0ab4e4886c3cd8eeaeb63edbb39cacdb9223fdcf4454fd2c7


Important Note: Sandeep , co-founder of Polygon and campaign manger of "India Covid-Crypto Relief Fund", confirmed by his tweet that they won't do anything which hurts any community specially the retail community involved with $SHIB. So SHIB token hodlers, don't need to be worried about it .
Tweet link: https://twitter.com/sandeepnailwal/status/1392562768692252673


Third, he sold off "Dogelon" tokens

Confirmed approval: https://etherscan.io/tx/0x0fcb7f6df76e111b53ce58ff97e9f18a8e0fa7dc76ca74fd8adfc39153655185
1st selling worth of 152.86 WETH : https://etherscan.io/tx/0x15669755e570177147a505267bf0ff193100e1074dce69a0852a4cab6c7d5704
2nd selling worth of 619.67 WETH: https://etherscan.io/tx/0xfc32ae4a88ec0b2eadf0a2ac811e303773ad84efd2f6f9168461f10811961751
3rd selling worth of 299.10 WETH: https://etherscan.io/tx/0x8e6cd8575104df314c9e2c87b647d10a6fc6f71b799c4e76d529e777a62a59da
4th selling worth of 407.94 WETH: https://etherscan.io/tx/0x11730fc4942750412c0d7fc00cd38c056ecd7733a151dce49b26fd813a8824da

Total ETH from those selling: 1012.12 WETH

432T Dogelon tokens and 1000 ETH Sent into a addresshttps://etherscan.io/address/0xa18e7e408859bc1c742aa566d6acc3f8fd5e7ffd


So do others think that it'll impact on the market or memecoin season or it'll continue, no matter what happens.  Huh
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