Vitalik Buterin dumping meme coins again

betswift

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Quote from: tygeade on August 15, 2024, 03:22:21 PM

Quote from: HarrisBull on August 04, 2024, 11:09:59 PM

vitalik.eth Vitalik Buterin
sold all 17.15B $Neiro for 44.53 $ETH($112.5K) 1 hour ago.

The #Neiro team transferred 17.15B $Neiro(4.08% of the total supply) to vitalik.eth after the launch.

https://etherscan.io/tx/0x5346141743fc3cc72579f43b787cc0b1fc36c5bfe314f35a9e68178f0bb3a0e0

When you give someone "free money" that they can sell, what do you expect them to do? On top of that if that same person has been given free money before and sold all the tokens, when you repeat the action what makes you think that you will not get the same result again?

It's obvious that there are many mistakes here, and the biggest one is the fact that there are people who still think that sending any tokens to Vitalik means anything good. Obviously if it worths nothing then he will not care, but if it starts to worth something, he has proven time and time again that he will just simply sell it. This is the same thing and he did it before, and he will do it again. I am sure founders of neiro knew the risks and what could happen.

They knew the risks and played their cards: the hype around Neiro skyrocketed (whether it was a good one or a bad one - everybody decides for themselves Grin

). I think that in the long run, they will profit from what happened, even if that seems dumb and non-strategical at the moment.

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Quote from: HarrisBull on August 04, 2024, 11:09:59 PM

vitalik.eth Vitalik Buterin
sold all 17.15B $Neiro for 44.53 $ETH($112.5K) 1 hour ago.

The #Neiro team transferred 17.15B $Neiro(4.08% of the total supply) to vitalik.eth after the launch.

https://etherscan.io/tx/0x5346141743fc3cc72579f43b787cc0b1fc36c5bfe314f35a9e68178f0bb3a0e0

When you give someone "free money" that they can sell, what do you expect them to do? On top of that if that same person has been given free money before and sold all the tokens, when you repeat the action what makes you think that you will not get the same result again?

It's obvious that there are many mistakes here, and the biggest one is the fact that there are people who still think that sending any tokens to Vitalik means anything good. Obviously if it worths nothing then he will not care, but if it starts to worth something, he has proven time and time again that he will just simply sell it. This is the same thing and he did it before, and he will do it again. I am sure founders of neiro knew the risks and what could happen.

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Quote from: Sayeds56 on August 07, 2024, 09:59:32 PM

Quote from: betswift on August 05, 2024, 01:40:31 AM

Quote from: FinneysTrueVision on August 05, 2024, 12:00:09 AM

I would do the same thing. These scammers are trying to pump their token by sending a lot of their supply to Vitalik and hoping he will hold on to them. They can use his name to advertise the token by saying he is a holder, while also removing billions of tokens from circulation. It did not play out the way they expected and he dumped on them. It is free money for him, which I would hope he would use for something positive.

That sounds like the truth, I like the way you presented the idea behind his actions, but only time will tell. I would do the same, and everybody would, I think Wink

I completely agree and even I would have done the same. These scammer are harming the crypto market by their malicious actions and causing significant losses to many new comers in the crypto market. These new entrants believe that these worthless meme coins with no utility can make them rich overnight but in reality they suffer huge losses when any big whale dumps these coins. It is better to stay away from these worthless digital assets.

They've actually had more money from all of that affair, in my opinion. Their coin continues to pump and it won't stop if they are going to come up with something like that in the future. Still, it's true that they are usually not worth investing in.

Sayeds56

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Quote from: betswift on August 05, 2024, 01:40:31 AM

Quote from: FinneysTrueVision on August 05, 2024, 12:00:09 AM

I would do the same thing. These scammers are trying to pump their token by sending a lot of their supply to Vitalik and hoping he will hold on to them. They can use his name to advertise the token by saying he is a holder, while also removing billions of tokens from circulation. It did not play out the way they expected and he dumped on them. It is free money for him, which I would hope he would use for something positive.

That sounds like the truth, I like the way you presented the idea behind his actions, but only time will tell. I would do the same, and everybody would, I think Wink

I completely agree and even I would have done the same. These scammer are harming the crypto market by their malicious actions and causing significant losses to many new comers in the crypto market. These new entrants believe that these worthless meme coins with no utility can make them rich overnight but in reality they suffer huge losses when any big whale dumps these coins. It is better to stay away from these worthless digital assets.

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Quote from: DeathAngel on August 06, 2024, 03:09:23 PM

Vitalik probably doesn’t want to be associated with their shitcoin. They will know this was a possibility creating an ERC20 token & involving him. They probably hoped he wouldn’t even notice receiving them as to him, it’s a small amount of money. They would hope they could shill ads saying he was a holder of their token.

exactly, this pattern also used by some scammer too to promote their scam coin, by sending their scam coin to some famous people's wallet.

whatever vitalik did to the token he was sent is completely justified, if anyone calling out vitalik for selling their favourite meme coin that he got for free, well they are mad just because it dumps their bag, but honestly even vitalik dumping this coin also sparks attention to the coin itself that caused it to gain more exposure.

betswift

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Quote from: DeathAngel on August 06, 2024, 03:09:23 PM

Vitalik probably doesn’t want to be associated with their shitcoin. They will know this was a possibility creating an ERC20 token & involving him. They probably hoped he wouldn’t even notice receiving them as to him, it’s a small amount of money. They would hope they could shill ads saying he was a holder of their token.

They already used the situation for that, in fact, you are right. And, in fact, the price (looking from the fifth of this month) has sky-rocketed thanks to this event and the info-hole that it created behind the coin, so to speak.

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Vitalik probably doesn’t want to be associated with their shitcoin. They will know this was a possibility creating an ERC20 token & involving him. They probably hoped he wouldn’t even notice receiving them as to him, it’s a small amount of money. They would hope they could shill ads saying he was a holder of their token.

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I am not on track with Vitalik but that's what he's going to do every time he sees some opportunity. I remember a news about him dumping shiba inu token and then donated the money. He knows the drill and every time there's an opportunity that he'd dump a free money that has came from airdrops or given to him by the developers, he'd surely cash out the money.

He's a typical guy and just enjoys whatever he's doing. He's going to dump as much as money that he can get from these meme coins. He's got not loyalty to them but only to his creation where many are also loyal nowadays, no other than Ethereum. These big boys and players of the market will not waste any opportunity when they've got. They're sellers and not holders except to the actual ones that they do and for Vitalik, ETH and mostly Bitcoin too.

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They do it, knowing that he may actually end up selling it all. They do it because it's free marketing, they didn't pay a single dime for those tokens, people are keep saying "oh they sent 17.5 billion neiro tokens!!!" like it worths a damn, they spent maybe a dollar on the gas fee, that's it nothing more the rest was fully free for the team, they can send 4% of total supply, they can send 40% of total supply, it's free to them.

They do this because sending it to him is free marketing, and it is "look Vitalik is holding it" and that works for a while, but when Vitalik sells? That's even bigger marketing, and they hope that it makes them some profit, which is doing it right now, and maybe could work for the long term for them as well.

Even if it bankrupts them, it is better to try than not to try. I can see that we are talking about Vitalik hurting the price and crashing it, but at least they gave it a shot, and they can say that it's Vitalik's fault and they can get themselves out of the question. Sending it to some burn address wouldn't be marketing, it wouldn't help anyone and that is why they didn't do it, but sending it to Vitalik got us talking about it, I never heard it before, but now I have.

betswift

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Quote from: gunhell16 on August 06, 2024, 12:13:33 AM

Quote from: HarrisBull on August 04, 2024, 11:09:59 PM

vitalik.eth Vitalik Buterin
sold all 17.15B $Neiro for 44.53 $ETH($112.5K) 1 hour ago.

The #Neiro team transferred 17.15B $Neiro(4.08% of the total supply) to vitalik.eth after the launch.

https://etherscan.io/tx/0x5346141743fc3cc72579f43b787cc0b1fc36c5bfe314f35a9e68178f0bb3a0e0

Is this what you're talking about, Neiro? Because I'm not familiar with it, I'm not sure. https://www.coingecko.com/en/coins/neiro-2 but it looks like it is because on July 31, 2024, it was around 0.003$ something, and now it's around 0.024$, which is pretty big in terms of its value in the market.

He's new, but that's how it was immediately raised within less than 2 weeks of his release from the market. It seems that there are whales who are really manipulating its price. Now I only see two things: either Vitalik was given neiro or he really invested here. But it sold for a lot of money. I can't even say that he has potential because right now it seems to be hyped, and I haven't seen anything that really has potential in the future.

According to news sources, he was just given the amount for nothing, and then he sold them. Everybody would do that, it's like getting spare money and getting it out of the bank the moment you see the numbers Wink

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Quote from: HarrisBull on August 04, 2024, 11:09:59 PM

vitalik.eth Vitalik Buterin
sold all 17.15B $Neiro for 44.53 $ETH($112.5K) 1 hour ago.

The #Neiro team transferred 17.15B $Neiro(4.08% of the total supply) to vitalik.eth after the launch.

I just confirmed this news from many reliable sources and it's more reason why we should not rely on what these popular investors are doing, they can lure us to adopt a project but suddenly abandon it and leave us to lose. The $Neiro mightn't have fallen the way it did after the news, but the fact that a popular person like Vitalik Buterin with a successful crypto project (ETH) sold it. No way such people will not be particular about their own projects, but his decisions are for a good reason as well as it is for the preservation of his money, only that I wonder what the entire value of the $Neiro sold which is $103,000 as at that time do to him as a rich guy.

gunhell16

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Quote from: HarrisBull on August 04, 2024, 11:09:59 PM

vitalik.eth Vitalik Buterin
sold all 17.15B $Neiro for 44.53 $ETH($112.5K) 1 hour ago.

The #Neiro team transferred 17.15B $Neiro(4.08% of the total supply) to vitalik.eth after the launch.

https://etherscan.io/tx/0x5346141743fc3cc72579f43b787cc0b1fc36c5bfe314f35a9e68178f0bb3a0e0

Is this what you're talking about, Neiro? Because I'm not familiar with it, I'm not sure. https://www.coingecko.com/en/coins/neiro-2 but it looks like it is because on July 31, 2024, it was around 0.003$ something, and now it's around 0.024$, which is pretty big in terms of its value in the market.

He's new, but that's how it was immediately raised within less than 2 weeks of his release from the market. It seems that there are whales who are really manipulating its price. Now I only see two things: either Vitalik was given neiro or he really invested here. But it sold for a lot of money. I can't even say that he has potential because right now it seems to be hyped, and I haven't seen anything that really has potential in the future.

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Quote from: Yamane_Keto on August 05, 2024, 09:47:44 AM

Quote from: HarrisBull on August 04, 2024, 11:09:59 PM

The #Neiro team transferred 17.15B $Neiro(4.08% of the total supply) to vitalik.eth after the launch.

From the moment they announced sending 4.08% of the total supply, you should have stayed away from investing in $Neiro, as if they are not careful with about 5% of the total supply and are trying to either promote that Vitalik bought it or that the project is being run with such stupid plans, both reasons are enough not to invest.

The creator of the meme coin seem to favour short lived fame for the meme coin by sending it to vitalik and have intention to jeet the token immediately after it's reaching their target it seems.
because I think if i'm not mistaken it's not the first time vitalik buterin selling off the coin that he randomly received from some random meme coin creator.

Or it can be that this entire thing is intentional to make fuss about the news of vitalik buterin selling off the $NEIRO coin to boost the fame, regardless I won't buy the coin anyway, so many $NEIRO clone it makes me doubtful if the money won't be spread too thin.

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Quote from: Charles-Tim on August 05, 2024, 02:07:09 AM

Did Vitalik Buterin bought the coin or they gave him the coin? I guess he bought the coin. If he was given the coin and he did something like this, I do not like what he did. But if he bought the coin and later he sold it, there is nothing wrong in that. That is market for you people. The owner of a coin can buy and sell the coin at anytime that he wants.

from the tx, clearly the developer of the token sent the token to vitalik's wallet and probably it's for marketing stunt to garner attention from people and it fails big time.
even if vitalik didn't buy it, it's not his fault for swapping, somebody is sending free money why he shouldn't take advantage of it.

however, always beware of buying this meme coin neiro, so many rugpulls happening, in solana it already dumped so hard.

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Quote from: HarrisBull on August 04, 2024, 11:09:59 PM

vitalik.eth Vitalik Buterin
sold all 17.15B $Neiro for 44.53 $ETH($112.5K) 1 hour ago.

The #Neiro team transferred 17.15B $Neiro(4.08% of the total supply) to vitalik.eth after the launch.

https://etherscan.io/tx/0x5346141743fc3cc72579f43b787cc0b1fc36c5bfe314f35a9e68178f0bb3a0e0

Excellent! Memecoins have no value and no vision. These are mostly run by scamsters. So it's an excellent move by Vitalik. Being a known crypto developer, a lot of these altcoin owners send coins to him thinking it will become a good promotion for them. So Vitalik has done the best possible thing he could do. Sold them all and added some more ETH to his own wallet.

Stop investing in memecoins. These are mostly run by the ponzi scammers. As the ponzi market is down after the actions taken by FBI and DOJ, these people have moved to crypto and started running cloud mining scams. Now the cloud mining has also lost the reputation, they have moved to memecoins.

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Quote from: Charles-Tim on August 05, 2024, 02:07:09 AM

Quote from: HarrisBull on August 04, 2024, 11:09:59 PM

vitalik.eth Vitalik Buterin
sold all 17.15B $Neiro for 44.53 $ETH($112.5K) 1 hour ago.

The #Neiro team transferred 17.15B $Neiro(4.08% of the total supply) to vitalik.eth after the launch.

https://etherscan.io/tx/0x5346141743fc3cc72579f43b787cc0b1fc36c5bfe314f35a9e68178f0bb3a0e0

Did Vitalik Buterin bought the coin or they gave him the coin? I guess he bought the coin. If he was given the coin and he did something like this, I do not like what he did. But if he bought the coin and later he sold it, there is nothing wrong in that. That is market for you people. The owner of a coin can buy and sell the coin at anytime that he wants.

Why would he buy meme-tokens? Have you ever heard him buying any. People have given them for him give it to him because it's a good advertisement. "Look, even this OG whale is holding our token, he must see the value in it", even though he famously dumped those meme tokens before. Shiba even got fame for that, because they (as a community) are indirectly participated to one of the biggest charity funding out there that i've ever heard ($1 billion worth).

If i recollect correctly, over 10 years ago someone donated 20M doge accidentally and got people donating more as a support. They also got fame for doing that.

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Quote from: HarrisBull on August 04, 2024, 11:09:59 PM

The #Neiro team transferred 17.15B $Neiro(4.08% of the total supply) to vitalik.eth after the launch.

From the moment they announced sending 4.08% of the total supply, you should have stayed away from investing in $Neiro, as if they are not careful with about 5% of the total supply and are trying to either promote that Vitalik bought it or that the project is being run with such stupid plans, both reasons are enough not to invest.

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Quote from: HarrisBull on August 04, 2024, 11:09:59 PM

vitalik.eth Vitalik Buterin
sold all 17.15B $Neiro for 44.53 $ETH($112.5K) 1 hour ago.

The #Neiro team transferred 17.15B $Neiro(4.08% of the total supply) to vitalik.eth after the launch.

https://etherscan.io/tx/0x5346141743fc3cc72579f43b787cc0b1fc36c5bfe314f35a9e68178f0bb3a0e0

It’s a free shitcoin thou, Vitalik has no legal obligation to hold this coin since this meme coin owner is just using Vitalik address to hype their project by claiming Vitalik is a holder. Many meme token is using this scheme since Vitalik address is known to the public.

It’s not that Vitalik ask for it. This is the reason why people should avoid meme coin since the founder is using people money as exit liquidity through marketing expenses and team personal cashout using meme coins.

The team itself should be blamed by spending their tokens on a hoax marketing. Now they are paying for it when Vitalik clean his wallet shitcoins.

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Quote from: HarrisBull on August 04, 2024, 11:09:59 PM

vitalik.eth Vitalik Buterin
sold all 17.15B $Neiro for 44.53 $ETH($112.5K) 1 hour ago.

The #Neiro team transferred 17.15B $Neiro(4.08% of the total supply) to vitalik.eth after the launch.

https://etherscan.io/tx/0x5346141743fc3cc72579f43b787cc0b1fc36c5bfe314f35a9e68178f0bb3a0e0

I'm not surprise on the action he do since that's profit already. If he want to sell then be it since for sure he also need money. As long as he do that on meme coin then I don't see any problem for dumping those tokens. Since for sure it will be a huge waste if the dev will be the one who sell first since we know rug pull is normal on meme coin scene.

If they are triggered with the action made by Vitalik then they can't do anything with it since for sure anyone will decide to sell especially if this is given to them.

So lesson in this story is don't hold meme coin since they might lose their money with those tokens.

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Quote from: shinratensei_ on August 04, 2024, 11:18:01 PM

Why didn't the neiro team send the neiro to the burning address instead?

i've heard this news in twitter as well and people are mad Grin

. isn't sending their neiro to certain address like the one owned by vitalik akin to giving him ownership of the token for free and also giving him the rights to dump it?

seeing the scene of meme coin so far, I've always baffled with how the meme coin team keep sending their meme coin to some popular figure wallet or even crypto influencers and have surprised pikachu face when they are dumping the meme coin like bruh, you can do better Huh

.

I think the Neiro development team thought that Vitalik might do the same thing to their project as Vitalik did to Shiba Inu in the previous cycle, but in fact Vitalik sold Neiro's toke for his own benefit.

haha he did get free money from Neiro developers, and the negative effect on Neiro itself was because Vitalik sold it instead of burning it or making it a charity.
Supposedly, if you want to give charity, why not just burn the token instead of giving it away like that, of course this has received criticism from many communities for the actions taken by the Neiro meme coin developer.

As usual, they want to feel that the project is owned by a famous person to trigger fomo in retail investors and take profits after the strategy is successful, but unfortunately this time it doesn't work well.

Topic: Vitalik Buterin dumping meme coins again (Read 290 times)