SNEAK PEEK:
- Buterin sold billions of free tokens, including MOPS, CULT, and SHIK.
- MOPS tokens surged over 244%, while others crashed.
- The sales highlight the volatility of cryptocurrency markets.
Ethereum co-founder Vitalik Buterin has sold billions of free tokens received as part of various blockchain projects, according to his recent transactions on the Ethereum blockchain.
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).https://t.co/SboWZsO8WY pic.twitter.com/xNaRTeVM7K
— Lookonchain (@lookonchain) March 7, 2023
Buterin sold 50 billion MOPS tokens for 1.25 Ethereum (ETH), or approximately $2,000. In addition, he also sold 10 billion $CULT tokens for 58 ETH, worth around $91,000, and 500 trillion $SHIK tokens for 380 ETH, worth approximately $600,000.
The sales have raised eyebrows in the cryptocurrency community, given the high value of the tokens and the fact that Buterin is known to hold significant amounts of Ethereum. Some speculate that Buterin may be trying to divest from these tokens due to concerns about their long-term viability or simply wanting to increase his Ethereum holdings.
Others have suggested that these sales may be a sign of broader market concerns, given the recent turbulence in the cryptocurrency markets. Nevertheless, the sales highlight the complex web of relationships and incentives within the cryptocurrency ecosystem and how high-profile figures like Buterin are not immune to market fluctuations.
The tokens sold by Ethereum co-founder Vitalik Buterin have experienced a mixed reaction in the cryptocurrency markets. While most tokens have experienced a significant drop in value following the sales, one token has bucked the trend.
MOPS, which Buterin sold for 1.25 Ethereum (ETH) or around $2,000, has seen a remarkable increase in value, shooting up by over 244%, according to CoinMarketCap data. Experts say this surge remains unclear, but it may be due to speculation and market manipulation.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://investorbites.com/crypto-maverick-vitalik-buterin-dumps-free-tokens-for-ethereum/
