The founder of Ethereum, Vitalik Buterin, has drawn attention recently with a series of transactions. By selling some meme coins that were sent to him for free through Uniswap, he managed to make a profit of approximately $96,400 in a short time. According to on-chain data provided by Lookonchain, Buterin liquidated meme coins such as MARVIN, SPURDO, and DOJO within the last few hours. These transactions allowed him to earn a total of 22.14 Ethereum (approximately $96,400).
Buterin's such sales have drawn attention in the past as well. However, investors are concerned that these interactions create price pressure on low-volume meme coin projects. Nonetheless, many analysts interpret these transactions as not being aimed at personal profit, but rather an effort to rid himself of randomly sent tokens.
On-chain data shows that a significant portion of the transactions took place within the last hour, and the sales were conducted on the Uniswap V2 pools. This situation brings Buterin's impact on the market and interaction with meme coin projects back into the spotlight. Investors should be cautious regarding Buterin’s transactions and carefully evaluate market dynamics.
Finally, while Buterin's sales have sparked widespread reaction in the cryptocurrency community, critical points for investors to watch include monitoring the price movements of low market cap meme coin projects. There is keen interest in how these projects will perform in price after Buterin's sales.
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Ethereum, meme coin, cryptocurrency, Vitalik Buterin, Uniswap, market movements, investor
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