Hard Move from Ethereum Founder Vitalik Buterin! He Sold This Entire Altcoin, Dump Its Price!

A new move came from Ethereum (ETH) co-founder Vitalik Buterin, who positively affected the market and the price of the relevant altcoin with his shares and statements.

This time Vitalik Buterin sold an altcoin and dumped the price.

According to EmberCN's post, Vitalik Buterin sold memecoin Neiro for Ethereum.

After its creation, the Ethereum-based memecoin project Neiro transferred 17.1 billion Neiro (4% of the total supply) to Buterin's address via its distribution address. This was subsequently used to promote Buterin as the biggest owner of the project.

Vitalik then sold 17.1 billion Neiro for 44.5 ETH ($112 thousand), causing the price of Neiro to drop by 60%.

Wu Blockchain also revealed the actual Neiro sold by Vitalik Buterin, warning that there are many Neiro memecoins with the same name.

V 神半小时前砸盘了以太坊上的 Meme 项目 Neiro😂

以太坊上的 Meme 项目 Neiro 在创建后通过布署地址向 V 神地址转了 171 亿枚 Neiro (总量的 4%)，然后昨天以此宣传 V 神是该项目的最大持有者 (下面引用的推文)。

然后 V 神在 30 分钟前就把这 171 亿枚 Neiro 卖出换成了 44.4 枚 ETH… https://t.co/AeA4eoDgIT pic.twitter.com/doGJJPthpP

— 余烬 (@EmberCN) August 5, 2024

*This is not investment advice.