Vitalik Buterin's meme coin sale is causing fluctuations in the markets.

The founder of Ethereum, Vitalik Buterin, is presenting recent developments regarding meme coins to investors. Buterin has started to sell the meme coins that were sent to him for free, causing fluctuations in the market. According to on-chain data provided by Lookonchain, the Ethereum founder recently transferred 275 trillion Catcoin (Catcoin) tokens in a sale worth 15,420 dollars to the LiFi Diamond (0x123) address.

Immediately after this significant transaction, 14,216 USD Coin (USD Coin) was transferred from the same address to Vitalik Buterin's wallet. Investors speculate that Buterin converted these assets into stablecoin via the LiFi bridge. Meanwhile, it has also been reported that a transfer of 4.1 million SPURDO (SPURDO) was detected in Buterin's wallet during the same time frame. These movements remind us of similar transactions that have frequently occurred in recent months, where Buterin sells meme coins he received for free.

Vitalik Buterin's selling strategy generally follows a similar cycle. Meme coins with low market capitalization that target him are converted into USD Coin or Ethereum on decentralized exchanges. Although these transactions may seem small, the chain reactions known as "Vitalik sales" can cause short-term fluctuations in the market. On-chain data shows that Buterin usually sells these tokens quickly to prevent speculative price increases. However, an increase in volume and short-term price movements in the respective coins are often observed after these sales.

According to CoinGecko data, Catcoin has gained 33% in value in the last 24 hours, while SPURDO has lost 10.5% in the same period. Recent developments indicate that investors need to closely monitor the price movements of Bitcoin, Ethereum, and other altcoins. Especially due to the effects of Buterin's sales, speculative price increases may arise following fluctuations in meme coins.