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Vitalik Buterin dumps airdropped MOPS, CULT, SHIK ahead of Shanghai upgrade, triggers liquidity drain
Vitalik Buterin Nets Over 220 ETH Unloading Altcoins Like CULT, MOPS and SHIK
I just stumbled upon this very interesting story on the blockchain! - OG ethereum DEV back to work? - YFARM deployer / CoW protocol came back to life? Let me take u on a short journey in this post - Blockchain does not lie. - No coin shilling.
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Buterin sold 9.9 billion CULT tokens, the native token of the CultDAO, for 58 ether (ETH). He also sold his BITE and MOPS holdings, according to blockchain analyst PeckShield. In total, the sales added up to 220 ether, which is worth $332,420 at current prices. All shitcoins he sold few weeks ago .
Entire article: >**Vitalik Buterin liquidated a portion of his altcoin holdings this week, saying later that the tokens had "no cultural or moral value."** > >Buterin sold 9.9 billion CULT tokens, the native token of the CultDAO, for a total of 58 ether (ETH). He also sold his BITE and MOPS holdings, according to blockchain analyst PeckShield. In total, the sales added up to 220 ether. > >"BITE and most other coins being discussed on this forum are shitcoins," Buterin wrote on Reddit. "\[They\] have no redeeming cultural or moral value, and will probably lose you most of the money you put into them. I anti-endorse these projects to the greatest extent." > >In 2021, Buterin prompted a swing in the price of Shiba Inu (SHIB) tokens when he burned his holdings worth $6 billion after he was effectively given half of the token's supply. He said at the time that he didn't want the power of holding such a significant proportion of Shib's tokens.
The coins Vitalik sold are: 1. Mops (MOPS) 2. Cult DAO (CULT) 3. Shikoku (SHIK) Saved u a click.
The coins Vitalik sold are: 1. Mops (MOPS) 2. Cult DAO (CULT) 3. Shikoku (SHIK) Saved u a click.
tldr; Ethereum co-creator Vitalik Buterin recently sold $693,000 worth of meme tokens Mops (MOPS), Cult DAO (CULT) and Shikoku (SHIK) for $1.25 billion. MOPS is trading for $0.000001 at time of writing, up 2,493% in the last 24 hours. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
> According to Etherscan, on Mar. 7 a wallet belonging to Buterin offloaded 500 trillion SHIKOKU (SHIK) for 380.3 ETH ($595,448), nearly 10 billion Cult DAO (CULT) for 58.1 ETH ($91,021), and 50 billion Mops (MOPS) for 1.25 ETH ($1,950).
\*Looks at MOPS, sees it is up 2796.1% in the last 24 hours\* Time to buy me some MOPS!!!
TLDR; Vitalik Buterin collected 444.15 ETH, worth over $700,000, by selling 50 billion MOPS, 10 billion CULT, and 500 trillion SHIK. He is dumping shitcoins.
> Ethereum founder Vitalik Buterin sold alternative tokens he received for free, earning almost $700,000. The tokens sold were SHIK, MOPS, CULT, and BITE. Almost half of the proceeds were sent to an address labelled "EthDev" and the Shikoku community was disappointed as they had expected Buterin to burn the SHIK tokens. I am become Coinfeeds Bot, summarizer of articles
Vitalik the Alchemist; he turned poop into gold. > 500 trillion SHIK for 380 ETH > 10 billion CULT for 58 ETH > 50 billion MOPS for 1.25 ETH
Vitalik Buterin collected 444.15 ETH, worth over $700,000, by selling 50 billion MOPS, 10 billion CULT, and 500 trillion SHIK... That's what they get for sending their shitcoins to Vitalik.
"Per the data, BITE is down by 7%, CULT fell by 7.5%, and SHIK decreased by 60%. However, MOPS is an exception. The token rose by 216% in the last 24 hours despite Buterin’s dumping."
Not dumping, they were airdropped/dust gifted to his wallet. He wants nothing to do with them cause these meme token creators often associate keeping these tokens as them supporting it. If he kept them they could've easily said Vitalik supports CULT, MOPS or SHIK token.
* 500 trillion SHIK for 380 ETH * 10 billion CULT for 58 ETH * 50 billion MOPS for 1.25 ETH Haven't heard of these tokens before. Probably because the exchange rate is 50 billion for 1 ETH lol
>vitalik.eth (@VitalikButerin) is selling his free shitcoins. Currently sold 50B $MOPS for 1.25 $ETH($2K), sold 10B $CULT for 58 $ETH($91K), sold 500T $SHIK for 380 $ETH($600K). Saving clicks is my passion.
Man, this space is so weird. MOPS, CULT, SHIK... multimillionaire getting something for nothing. Or maybe this is just a slice of the real world after all.
* Vitalik Buterin shed his non-Ethereum shitcoin holdings of MOPS, CULT, and SHIK in exchange for nearly 440 ETH. * With the Shanghai upgrade around the corner, the Ethereum founder cleaned his portfolio of small market capitalization holdings, shitcoins. * Projects send free tokens to Buterin, while the Ethereum founder sells it, draining the liquidity of the low market capitalization projects. Vitalik cleanning the house.
tldr; Ethereum co-founder Vitalik Buterin has sold 50 billion MOPS for $1.25, 10 billion CULT for $91,000, and 500 trillion SHIK for $600,000. CULT (Cult DAO) has fallen 13.7% since the dump, while SHIK (ShikOKU) has been hit even harder, falling 95.8%. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
he has sold 50 billion MOPS for 1.25 ETH (about $2,000), 10 billion CULT for 58 ETH (about $91,000) and 500 trillion SHIK for 380 ETH (about $600,000).
tldr; Vitalik Buterin dumped several tokens, including MOPS, CULT, SHIK, and BITE, leading to a gain of over 220 ETH. He has dumped tokens in the past, which has resulted in similar crashes in tokens. The one exception is Shiba Inu (SHIB), which has seen a tremendous rise in value since it was dumped. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
Unloading Shitcoins like CULT, MOPS and SHIK. Ftfy.