Bitcoin Forum

Everyone was so much hyped up as dogecoin is pumped so hard and all thanks to great entertainer Elon Musk.  ;D In the meantime, more and more memecoins ( i would say "Shitcoins" without any fundamentals. For those die-hard fans, i also made profits from this type of coins, but didn't think to hodl it for long. ) was entered into this market and made so many millionaires within no times. Even binance took participation into this memecoin season by adding shiba inu. But most of those new holders are almost got rekt as Vitalik Buterin sold off those every memecoins which was sent by the project team into his wallet. Take a look into every one of those transections and best part is that vitalik transfered shiba inu token into "Indian Covid Relief" address which is really great.

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Important Note: According to Shiba Inu's whitepaper, 50% of total supply was sent to Vitalik Buterin from SHIB token developers for creating scarcity and remove those from circulation.

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Confirmed approval: https://etherscan.io/tx/0x8e58001a8b4d7d8786e1f75a7d68e045c3f18de39ce584b198e6b900feb45b5a
1st selling worth of 129.58 ETH : https://etherscan.io/tx/0x37a4ebb4412264baada7324c61f5cf4bd5f0d5091645b18dfcf477c02e2071bc
2nd selling worth of 193.22 ETH: https://etherscan.io/tx/0xa56e67e1f0c74ff0c681ed846a556911d58644a7665ece979f35a61c595b7f75
3rd selling worth of 153.39 ETH: https://etherscan.io/tx/0xc8177ef3215e0658437b0c7a72b2695b1df66c9a817b982762f2f65455a32e96
4th selling worth of 162.71 ETH: https://etherscan.io/tx/0x917d3c9af2ac8c6e909d0ee16441e5b309c5b539e768c4ed719bb3c04d516cf3
5th selling worth of 141.60 ETH: https://etherscan.io/tx/0x78481f74355950ed905a43b39cec3f89812edfb0969f0b67c1986a6c24bc129c
6th selling worth of 104.10 ETH:  https://etherscan.io/tx/0x472b914a37f1be38f466499789d0b01cca7de4df5103095df5b36f678a1def36
7th selling worth of 165.94 ETH:  https://etherscan.io/tx/0xbd57b2abc46a5e2baa8c9b7647f6a84fdd34ae0f02b42788c8e5537a0a9bcebd

Total ETH from those selling: 1049.55 ETH

49T Akita Token sent to Gitcoin grants: https://etherscan.io/tx/0x2fb8b58f85ab4773da00771f7f1e1a9eacf99af0ef3310b75ebcd017099f7b3c

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Confirmed approval: https://etherscan.io/tx/0xc1db1625d05dfe6550d5e8b0ede636034ba70dafb06067aaf7fe2c8e42265782
1st selling worth of 107.37 WETH : https://etherscan.io/tx/0xfa76a53a1b816c30f98f5456982cd0ccbb2c88b24049c928dfe4db6c8ae89aed
2nd selling worth of 111.32 WETH: https://etherscan.io/tx/0x9bd2ec874b113bfb4fc08ba4afa35be49d55eb157451030046cc519e14dda27b
3rd selling worth of 129.61 WETH: https://etherscan.io/tx/0x9492df71b406177dbc12b9ea9191ff7fb6c96423d49eb787b69fd210046c4aad
4th selling worth of 118.82 WETH: https://etherscan.io/tx/0x65330afc2d051844e316d88229447f1fc21635de044ce4c660464216c0f4a7f5
5th selling worth of 126.55 WETH: https://etherscan.io/tx/0xfccd3aec3c5bb9afa7114bb713a2da1c29c4a962afbb86b86e1baf95b69e3114
6th selling worth of 119.35 WETH: https://etherscan.io/tx/0x24d2b41a8bfebdfcae63368f038fe61ae68ef9dcac98cdeaf3c8e6cf56aecf46
7th selling worth of 299.10 WETH: https://etherscan.io/tx/0x8e6cd8575104df314c9e2c87b647d10a6fc6f71b799c4e76d529e777a62a59da

Total ETH from those selling: 1012.12 WETH

$1 Billion worth of SHIB token sent into "India Covid Crypto Relief Fund" address: https://etherscan.io/tx/0xb65bcbb85c1633b0ab4e4886c3cd8eeaeb63edbb39cacdb9223fdcf4454fd2c7

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Important Note: Sandeep , co-founder of Polygon and campaign manger of "India Covid-Crypto Relief Fund", confirmed by his tweet that they won't do anything which hurts any community specially the retail community involved with $SHIB. So SHIB token hodlers, don't need to be worried about it .
Tweet link: https://twitter.com/sandeepnailwal/status/1392562768692252673

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Confirmed approval: https://etherscan.io/tx/0x0fcb7f6df76e111b53ce58ff97e9f18a8e0fa7dc76ca74fd8adfc39153655185
1st selling worth of 152.86 WETH : https://etherscan.io/tx/0x15669755e570177147a505267bf0ff193100e1074dce69a0852a4cab6c7d5704
2nd selling worth of 619.67 WETH: https://etherscan.io/tx/0xfc32ae4a88ec0b2eadf0a2ac811e303773ad84efd2f6f9168461f10811961751
3rd selling worth of 299.10 WETH: https://etherscan.io/tx/0x8e6cd8575104df314c9e2c87b647d10a6fc6f71b799c4e76d529e777a62a59da
4th selling worth of 407.94 WETH: https://etherscan.io/tx/0x11730fc4942750412c0d7fc00cd38c056ecd7733a151dce49b26fd813a8824da

Total ETH from those selling: 1012.12 WETH

432T Dogelon tokens and 1000 ETH Sent into a addresshttps://etherscan.io/address/0xa18e7e408859bc1c742aa566d6acc3f8fd5e7ffd

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So do others think that it'll impact on the market or memecoin season or it'll continue, no matter what happens.  ???

Donating shiba was very cool move. I would like to be sorry for anyone losing money on this but on the other hand this needed to happen eventually. Luckily profits went to charity, unlike every other rug out there. And when you think about it. Who wouldn't have sold in his shoes?

Just go with the flow. We are all gaining profits after all out from trading this meme coin.

The hype built around these coins is gaining attention and those who didn't know how to ride will surely lose money.

This was a great move:
$1 Billion worth of SHIB token sent into "India Covid Crypto Relief Fund" address: https://etherscan.io/tx/0xb65bcbb85c1633b0ab4e4886c3cd8eeaeb63edbb39cacdb9223fdcf4454fd2c7

People like Sandeep inspire hope in humanity, there are all such people who do not think about their wealth. Of course Vitalik Buterin and Sandeep received social approval +999))

It's better than let his garbage coin sitting in his wallet without any usefulness. I guess shiba was facing another 40% losses in a day due to the this news. it's not only shiba but bitcoin was also facing the same trend as ethereum as well. i think that the meme coin season is not yet ended, but shiba and friends totally overvalued at this moment dude.
I like how vitalik was to act wisely. he has lots of ethereum on his wallet and bitcoin.

This is really great move by Vitalik, instead of personally earning profit from free tokens he got, he donated it for a good cause. Which I believe, he doesn't need anymore. So why not help those in need instead? He knows the quality of those tokens and if he will just let it sit for long time, it will lose its value and it will just be wasted for nothing. I hope other wealthy devs will also do the same.

That's how we should deal on this market to become more profitable, every time there's a new trend we should also do our studies and research about it on how to ride properly so you can know when to buy and sell. If you're a risk taker, you already have a lot of money from those shitcoins. Vitalik is not the only whales playing on the market so I don't think this is because of his actions but simple because investors are slowly realizing the possible scenario for this shitcoins. I'd rather buy early and sell early with those meme tokens, always secure your profit.

People investing in this kind of project meme coins should understand the risk and learn how to dispose of in the right time, we can only do this if we are in control of our greed, people losing on this kind of project because they waited for more profit the project can give them, they eventually realize that wishing for more profit is risky behavior.

When I started reading this I thought Vitalik Buterin turned out to be a douchebag as those coins were supposed to be removed from circulation. Good to know he sends it to the right places in this world right now. When they say it doesn't impact Shib holders, why is that? If those tons of tokens get sold by whomever at whatever time, it does put selling pressure on the tokens?

I have heard about shiba and their community criticizing vitalik for selling it to donate to people affected by the epidemic, but in a certain way I see the humanity in this act of him, and fortunately I also sold all my shib before

So, what happened to Safemoon and Safemars? Weren't those meme tokens also sent to him? Well, truth remains that at every point of a bull rally the crypto industry will have a trend it follows. At this point I think it's Meme tokens and NTFs. No matter what happens, there are going to be investors who will find meme tokens attractive to invest in because of its very cheap price even when it's obvious most don't have any development beyond being on Dex. Let's see how the entire industry navigates this trend in a few months to come.

The problem was vitalik dumping all of his token instantly. You must see that how big the dump that happened with the dogelon and it seems like that vitalik sold all of his dogelon at once.
That proves that if vitalik didn't need the shitcoin. he doesn't wanna to waste his ethereum for donation.
He prefers to sell his free coin.

SHIB, DOGE, AKITA, don't know what these guys are doing around in the crypto space but they are surely disturbing the economy here. It's ironic but I am also holding the DOGE, this is all because I want to be on this train OR want to go with the flow! However, it has divided users share drastically in between bitcoin, ethereum and rest low valued coins. Otherwise no matter what, BTC & ETH would have achieved another dimension by this time.

Influencers like Vitalik & Elon, may or may not be playing around. May be they have big plans ahead, and all we are seeing is consequence of their actions. Specifically Elon, his actions seems to me legit but people are taking it completely wrong.

Greedy people are getting bad consequences for not learning knowledge. And Vitalik Buterin's work is still just the beginning of an end to these meaningless trends in this space, and I support his use of that money to raise money to fight the current epidemic

Nice move by vitalik instead of allowing his  meme coins to sleep in his wallet he donated it to people in needs. Maybe some meme investors got hurt of this action by vitalik but i think he owned it and he has the power what to do to his meme coins. I think this is not the end of meme season there are still new meme coins that pop out and will get the attention and hype  the masses but  i think some owner or developer of the meme coin will now hesitate to send free meme coins to vitalik wallet because of what happened.

Faith in humanity restored. I couldn't ask for more. This was such a generous move. God bless them!

It was expected that someone will sell these meme coins. And I like how Vitalik did with all these shitcoins.
If this is the end of the season, then I will be very happy.
I think in the future we will see something similar... again and again...

That's so stupid of a Charity to not use the funds sent to the charity. Vitalik did the right job here, you should not send someone 50% of your supply and expect them not to spend it. I just wish he would have exchanged it to some other coins before sending to the Charity and should have donated more than keeping it with himself. But it's his coin and he can do anything with it.

I am not sure who is saying that because it obviously will affect the price and holders. Cryptorelief issued a statement that they won't just dump it but gradually sell it. Which can be even worse for the people who want it to moon, but good for cryptorelief. I honestly would like to think that this should be a lesson for people buying not doing any FA.

https://twitter.com/CryptoRelief_/status/1392559057764962304

These coins have no good use cases, I've warned many but they never listened, anyone who hold such coins are complete fools who knew nothing about what makes crypto projects survives

The world is such a funny place,,, making rich guys richer. Thanks to Vitalik himself he has at least sold it all off and sent it everywhere else,,, but these projects do not seem to realize that they have just made the industry weaker by doing this flooding of pointless alts into the market whose only sole purpose is to make rich guys richer.

Sigh.

They are only care about profit and they didn't care about the usability of their coins. You can forget em all. Those people are very greedy to earn profit as much as they can. They were buying the meme coin to join in the bullish trend that happened with the garbage coins due to the manipulation by the whales.
VB has proven that if meme coin is a meme coin and it will never change. The useless coin with no product is not worth to be owned by him.
that's why he was dumping his meme token instead of keep it in his wallet. Vitalik has been taking the correct action for his meme coin.

I really hope this is the end of the meme-coin season because the last few days and weeks were completely crazy and when you took a look at the dextools hot pair at least 6 out of 10 were some stupid meme-coins. I don't begrudge anyone who made a lot of money with these projects but I think that this flood of meme tokens is hurting the crypto market as a whole. Cryptos were just about to be taken seriously by the traditional financial market and that meme-coin hype was definitely a set-back in that regard. 99% of those meme-projects that emerged in the last weeks will be completely dead in a month or two.

I think it's an elegant move from Vitalik. I think he has the same thought as mine to end all of this meme coin or shitcoin (or whatever you mention this project) era lol but in a graceful way. He started to build a serious well thought project called ethereum which is powerful, full of innovation, and with upgraded technology. He worked his as* for this, I think he doesn't just want to follow the wave of hype. Proved by all of those activities, then he's also trying to upgrade the ethereum network, he's not even gave a controversial statement like Musk, he certainly thinks all of this ruckus was enough and has to be ended. Just my opinion, thou'.

Vitalik did a great job selling that free memecoin from the developers so I don't think he did this one to ruin the market trend, he sold that free money to donate to the people in need, and we should praise him, $1Billion donation is not a small thing. Memecoin bubble is expected, its just that the whole market is down because of many negatives news and misunderstanding with the big investors, this is just temporary and the hype of memecoin is still here.

I think it was good that Vitalik Buterin did that sending funds to charity. I also think we are all agree that it was good than sending funds to terrorist. Anyway, this is not the reason that could hindrance meme coin to pump. If the time of meme coin is not yet at the end. I guess it will continue and more meme coin with NFT are going to come launch.

We all know that this kind of shitcoins are not going to sustained its price, thus it will just make money for those who are the early birds, jumping on the ship and then abandoning it before it go down.

So yes, lucky for those investors, while newbies get REKT, I do hope that it will teach them a valuable lesson that could help them in the future and made them successful. Sometimes you really need to lose some money here to learn how everything works.

Projects are borrowing Vitalik to make the FOMO community. Community greedy and buys crypto meme wishing to be rich. The first participants made a huge profit.
We need to look to the positivity of Vitalik selling his crypto as it is free. It is a good practice that Vitalik selling meme coins and donating them to charity. The losers may be angry with him, but they should also know that the money they contribute to the charities is the money they spend. They shouldn't be upset about it, they did a good job indirectly.

Even in this situation, dogecoin will surely rise again!
The pump is not yet over.
Hodl is the key!
#DYOR

If you look at ELON AKITA, they suffered the most, but SHIBA INU not so much and as you can see, they are gradually renewing their positions. I know there are many other projects, but I was the least affected by FEG, they actually burned 50% of the tokens. It's funny that they were attacked because of fake information. I'm just shocked how people are being manipulated.

These situation arises when someone is holding coins which they did not invest. I guess all these coins came to his holding because of the fork or something similar as i do not believe that he is going to invest in meme coins and it is not a big surprise that he is dumping the coins he is holding and since he is holding huge number of coins it will affect the market and we might see the end of meme coins rally this season.

If you are a holder of these shitcoins I suggest you follow button idea here, the almighty bullrun will soon be over and these coins will be the most losing coin because they have no real use case, it's time to dump

I hope so but it looks like this dump will be so long until there will be a good news again. Bitcoin can't leave from the 50k position because the resistance is much more stronger than it. That means if doge could not increase against bitcoin. This time people are only paying their attention into the bitcoin. I guess that you know it so well dude.
Hodl is a key but when the market goes even deeper than this time and you must think that again for the second time. Doge has a chance to bump but at the same time it can go to the bottom.

That’s the best thing happen to these meme coins being donated to charities. I think any new shitcoins will not attempt to send tokens to Vitaliks address again knowing this move and could potentially hurt the price, its obviously part of their strategy to gain adoption by sending Vitalik some pieces.

Vitalik Owns 50% of the Shiba Inu coin, that is why when he sold a percentage of it, it crashes, at the same time its a bit hype like dogecoin with no products or anything they say they will be releasing shibaswap, but at the end of the day its also a meme coin, it might take some time to overtake doge by this coin, but if they will show us a good project then this might have something to hold on, I think VB only sold 5% for a charity, so the coin might still survive.

We don't need to wait for another year, these coins will be become a death one when bear market will happen. Indeed, there are so many projects with best use-cases  which can't even get listed into innovation zone on any exchanges. But shiba inu get listed on top exchanges as exchanges just want the trading fee so that their revenue can grow which isn't smart move, IMHO.

There are more good projects that have strong fundamentals than those meme coins who are now hyping the market,

those who bought at the peak are now regretting as the value of their investment is much lesser from their initials,

though those who made it in the right timing they are the gainers before this current downfall happened.

Seems like it totally makes sense. If people send you useless and valueless stuff that has absolutely no way to be used at all, and it worths a lot of money for some reason? You end up selling it right away. If people gave me $10 worth of shibu, I would have sold it as well, anything higher I would have sold even more, as long as it was more than what the price of gas fee at that moment was I would have sold anything above that to make a profit.

Long story short vitalik is not really forced to keep those coins just because it was given to him, if you gave it to him that means that you gave it to him, so it is all his, and he can do anything he wants with it, he could buy more or sell or do whatever. This was basically a marketing move by these memecoins to get his attention, but it obviously backfired by a big margin and now they are complaining about it.

On Shiba's dump, I was at 50% lost but well I don't mind since VB had donated those coins he dumped on the Country that needed it most.   And I believe many developer learned some lesson here.   If they wanted scarcity, never send their token to VB or it will reenter circulation,  ;D ;D ;D

Meme coin is part of Cryptocurrency culture since the days of doge, just because Vitalik sold his coin  for charity does not mean meme coins will seize to exist in Cryptocurrency.  The hype and euphoric rise may come down giving way to more useful, valuable and important coin that could help Cryptocurrency to grow in quantifiable terms!

Well, if I was vb, I would have clearly done the same thing, or Maybe worst cus I would dumped the entire coins on the market, cause a huge crash then donate all the eth realized from this to charity.
I just wonder when people can learn, all this useless meme coins are striving believe they are been given attention, if it launches and no one pays attention to it, that one will definitely die off and this will discourage any other from coming up, people know that this meme coins are like ponzi schemes where only the early adopters benefit, late comers always end up loosing their money, but yet, people will still choose to support this useless projects over good projects that are building real world solutions to a problem.
As many that will loose money on this, this will serve as a lesson to them all, put your money in a good projects are not projects with no future.

Vitalik Buterin sold his coins and gave for charity but from what i understand he sold most of the coins he is holding in other alts as well and i have seen a thread where the details of his transactions are mentioned. May be these meme coins will still continue to gain momentum but the amount of coins Vitalik Buterin is really huge and it will take a really long time before we see any rally in these meme coins.

Well, it was a normal move, because someone needs to take profits and we know that in the case at SHIB it was different due to the donation. Perhaps it's the end of the season or it ends up happening the other way around and leveraging due to the attractiveness of fast profit and volume traded. It's not enough to be a meme, you need to provide other characteristics, otherwise it won't attract attention.

Vitalik Buterin did everything right. Any user would have done this, but Vitalik acted a little more cunningly, he did not sell tokens right away, but waited a little while for market participants to calm down.
The price of these tokens was based only on promises to create an ecosystem, and such projects are not needed by the Ethereum community.

I welcome what vitalik buterin does. and I appreciate his donations. sooner or later this was supposed to happen. MEME coins were increasingly dominating the market and someone had to say stop. I think it was a vitalik buterin that took on this task. I think he did well. Even though many people are angry with the vitalik buterine, the MEME coins were getting annoyingly popular, which is not cool.

Agreed but people got angry caused by vitalik does instant dump to the market. he can do better by slowly liquidating his free coin.
People will be thinking so many times before trying to put their money into the meme coin again caused by this case. I think that gives so many supplies to the ethereum developers was not a good strategy.
I see that there's no dogelon remaining on the VB's wallet. he is not yet dumping all of his shiba, at least not this time.

I think this kind of move made by VB to dump the shit out of these memecoin market was simply because VB doesn't want this address to be taken advantage of by these meme coin developers as mean of advertising. Just see these meme coin always trying to boast the fact that they sent 50% of total supply to VB meanwhile if their intention was to burn the coin in the first place why don't just reduce total supply of the ERC20 token first before even deployed.
Funny though how people didn't expect this kind of thing to happen meanwhile they should understand it very well once the coin sent to VB's address it's his.

LOL  ;D. The time I see vitalik address moving bunch of shitcoin that was sent there I know he just rekt thousands of people from it. Even in trading groups many people are crying because the price went down so fast no one predicted it.
Atleast the money he gets by dumping it well spent for social causes rather than being hogged by the shitcoin whales or rugpullers but it also seem people still have the greed to make quick buck out of this shit coin hype however I think no animal coin developer willing to sent 50% of total supply to vitalik address again, lesson learned for the devs i guess.

I guess vitalik is not very friendly towards holding meme coins, why keeping load of shitcoins to occupy space when you can easily dispose them at the peak price and gain some good amount! I really do not find much fault in hid action, if investors want to apportion blame it should be on the devs who thought about sending those meme coins to vitalik,  something positive came out of the sell off,  it was for a good cause.

Let investor learn their lesson.
Looking for quick gain without learning some fundamental, it's big mistake.

This tells vitalik's personality. He doesn't want to own something for free

At first you said “sold” which made me think he sold them off and withdrew the money, but it's good to know that it was a donation, so that's good (if I'm right). Although if he sold it to withdraw the money for himself , there's also nothing wrong with that because it's all his own money, so he's the one that's going to make the decision on what he's going to do with the money and no one is going to be telling him what to do.

A small sell off like this is not an enough reason as to why the market is going to crash, it's still going to continue to increase, although there will be times when the market is going to crash a bit, but one thing i know for sure is that there's still going to be a pump at last., So for sure they are going to increase later on.

I can't blame the guy for selling his tokens. It is a very noble gesture on his end and the fact that he is doing this so he can help people in India is already a cause to celebrate on its part. My opinion is that he donated the coins instead of having it sleep in his wallet and I think once he donated the coin the recipient of the donation must have found a way to cash it and convert it to fiat so it can be used immediately in the medical efforts in India. But since this happened, I am positive that the developers and creators of meme coins will simply decline to give their coins to Vitalik, thinking that he does not value their coin. Dude, he is the creator of Ethereum and has lots of them. He doesn't need additional trash so to speak.

This meme coin season may not be very good for the investors. So I think Vitalik is doing a really good thing by deciding to sell the meme coins he has. Because these coins are just like fake Dogecoin and they are much riskier to invest into.

Do you mean meme market right? Or you mean all cryptomarket.
Because of dogecoin the meme king. Many memecoin become something now.
this hype always has an end, and most of memecoin would be worth nothing without products that make them valuable

donating shiba inu is a good step because it includes a relatively cheap price,
maybe one day it will be expensive and may double the amount of shiba inu donated

i don't think so and why? the donation will be cashing out to help people to get out from the pandemi or at least it will help people to fulfill their needs.
Vitalik is a good guy and he was taking a big step by sending all of his shiba as a donation but you should remember that vitalik was also showing to use if he didn't care about the shitcoin.
He was dumping all of his dogelon at the same time to be used as a donation fund.

Memecoin is a difficult classification. I guess the coins that sounds or suggests something to do with dog or dog breeds are being said as memecoins here in the post but they are in no way meme coin. Dogecoin was called a meme coin as it started as a meme blockchain of the than blockchains, closely related to Litecoin, being associated with a dog was not the meme but dog was selected as a name and symbol for the sake of fun.
Most of these other new coins have zero similarities with Dogecoin which is a mineable coin with a large blockchain.

they are going to hate Vitalik for doing this. but then they just simply presumed Vitalik will participate in what they are doing, they didn't even talk to them before sending tokens to him. and since memecoin are just destroying the market, vitalik's action could just be a sign of frustration to him and destroys these dog tokens.  i didn't know there is also akita inu tokens, this is really getting worse.

How could we even blame him? I mean if you give someone free money and he has the chance to rich himself with it and have a wonderful life (not like he had a bad life before, he was already very rich) and he just decides to donate that instead of helping himself? That is a saint like move, this dude could have used all that money to buy himself a mansion, a castle even (yes there are castles sold where you can live in them, usually in UK and France) but what did he do?

Did he enriched himself? No, this dude decided to use all the free money given to him by helping other people who were in need of it. That is a huge deal, that is more than what all other rich people are doing right now, this dude has given away more money than he may actually "own" in fiat, that is a very noble thing to do. Nobody (aside from shiba holders) could be mad at him for doing that.

No I don't think they expected him to participate. They wanted to rip off those newbies who have heard of the name Vitalik Buterin, then read their white paper and check Buterin's address and somehow themselves create a connection between Buterin and the project where in fact no connection exists. Good to see Vitalik fired back.

Vitalik rug pulled.
It is a good step when someone sends billions of aide to the affected country. We know what India is going through and that aide that he did was a very big help to them. He might rug pulled and got some profit out of it but that seems to be disliked by those communities of meme coins.

Then you don't know why many people come into crypto. Most of them don't care about bitcoin/cryptocurrency vision.
They only care about money, if all shiba holders know, i'm sure most of them were angry with him.
But they can't really say much because what he does is very noble

I liked the way Vitalik handled the situation.
What i Really see here is meme coin project teams trying to trick people into investing in their project by involving Vitalik in some way and banking on the credibility it will give them.
Vitalik showed that he didn't want to play a part in such projects and it was a good move to tranfer the gains to an humanitarian cause that is in desperate need of funding.

Dont really believe on that word on being noble or some sort because when we do deal with this market then majority or i can say that all would be only mindful on how  to make money or profits.
Total support or passion towards into its total usage is just a story or just flowering it up just to make it appealing to the public but honestly im not believing on any those kind of shows.
We do have our own decisions towards our holding and if Vitalik decided up to sell those things then its up to his choice no matter what are the motives or target that he do have in mind.
One things for sure that memecoin would always stays as a joke.  ;)

vitalik buterin was a very logical move to me. He sold the MEME coins he received and converted them into money. This is something anyone will do when realizing that MEME coins have no future. I would do the same if I could get it. and because he had a huge amount of MEME coins, he turned it into huge money. however, some MEME coin supporters were uncomfortable with this situation. It's hard to understand why they also support MEME coins.

Got it dude. In my opinion, if shiba was using it as an advertisement for its project. I remember when the shiba community was sounding it about so many shiba coins already distributed to the vitalik's address.
That can also attract so much new demand for shiba coin. This time more and more garbage projects were trying to use the same way as shiba.

I think it's just a warning from vitalik to not mess with him by sending some tokens to his address purposefully for "burning" while at the same time advertising their tokens since you know it's vitalik buterin's address we're talking about where there's a lot watchers of that address and he didn't really sell of all the coins and left 90% to a burning address, basically he gains nothing from doing that act and going against the meme coin communities.

I was also surprised to see binance listing new coins of Shiba to their list of exchanges. After creating hype suddenly there was a dump and some bad news related to this project. especially what Vitalik did by sending the tokens he got to the covid donation. it's really extraordinary.
we can only see how this shitcoin will survive in the future, or it will be removed from the binance exchange.

Yeah they never expect vitalik will dump the shitcoin and use the money for something rather very important than holding shitcoins just to prove a point, of all the people who may have hold why chose vitalik? I guess he finds it insulting too, maybe because those memes where erc20 so they assume gifting vitalik won't be such a bad idea, he probably indirectly telling am not a fan of meme.

I was suprised too Binance list this shib, but the first time about shib that surprised me was Okey and Huobi were adding shib at the same day, Binance was added a few days later. Shib's listed on the big exchanges one by one makes me wonder if this is a capital conspiracy. Anyway, i think Vitalik actually did a good thing.

Nope. This is just business, at all. Those big exchanges noticed the volume of shib and as an exchange that's where their business get alive. If many will trade particular coin then that's  good for business and they can even list it for free as they can benefits on the fees traders made. This is not something new, we knew for a fact that every exchanges wants a new hype or coin that has a lot of traders and shib falls on that category.

We have to take responsibility for our investment as in the first place no one urges us to invest these meme coins but it is ourselves doing it. So there is no reason to blame people because we lose as it was not their fault.

I invest only in reliable coins like BTC and the rest of the top altcoins, not these meme coins. If we have the same mindset I believe people never have suffered losses but somehow, they are chasing for x100, x1000 profit and those meme coins could possibly give them so there are taking the risk. And so they don't have the reason also to blame the market for what will happen to them as it was their choice.

It should be over for meme coins now once and for all except for very rare occasions where a meme coin maybe even has some good features. Other than that a coin with a dog on it won't make it again in the future.

Binance can't be blamed caused by it was only following the trend in the market. When you are having a business and then you may always need to adapt with the condition in the market. The volume gets centralized on the shiba and if binance was no adding it and they will be loosing good momentum to take the benefit from the shiba coin in the market.
So many people have been getting the same feeling like you. You are not the only one.

Binance can blame on the crowd for their listing decision. They list meme token with a reason from crowd demand but they can not deny they are greedy with trading fee they can get from SHIBA.

The crowd can not blame on Binance for their loses with trading or investment with the shit meme token. They don't say thanks to Binance if they win and they blame on Binance if they lose.

Vitalik can not be blamed for any decease of meme token trend. It will be deceased with time and the crash of Bitcoin is enough. Vitalik does a right thing and I support his latest response by burning 90% of his airdroped SHIBA tokens.

wouldn't it be feasible when binance listed Shiba on their list? Seeing how the current achievements of the Shiba also do not disappoint with its good market capitalization. The market response to this one is looking good. maybe it will be a market deal to make Shiba as good as Dogecoin.

that's the fact! Binance is a business and they are after the sentiments of the market, if there's a pressure to add this kind of memes and they've seen good potential of certain assets,

Expect them to analyze it and see if the project will bring them the favor that they wanted, beside, Shiba team manage to pay the listing and the project is gaining support from its community.

Binance gained good amount of benefits as this project brings traders and investors to their platforms, exchange fees is really bein enjoyed.

You have done some insane digging to find the exact numbers man. Well done. It's incredible to read the data like that and yeah looks like Vitalik has put an end to the meme coins but has also risked not getting more meme coins for free ;D.

Isn't it insane that he sold this many coins because if someone told me there is a meme coin in the market named Akita Inu, I would have not even guessed that the coin has a total market cap of 1000 ETH, which as you mentioned Vitalik alone sold.

This is the news that actually started circulating like fire around everywhere maybe because it was a big accomplishment from Vitalik. I think Vitalik is really smart he spent nothing from his own and still became a hero in the market while also putting an end to the meme coins, at least hitting them hard.

But from now on, I don't think he will get these coins which is maybe what he wants actually.

It seems to me that everything will depend on the direction of the global trend.

What did vitalik do? He sold his meme coins that he got from the developers. What prevents you from creating a new meme coin and not giving anything to vitalik?
Nothing.

What prevents meme coin from showing crazy xx on a growing trend?
Nothing.

Therefore, if the trend is bullish, nothing will change, just no more free coins will be sent to vitalik.

And he is very clear with that as well, he said that instead of sending it to him, better send it to others who badly need the funds. Maybe those devs that sent him those large amounts, didn't expect that Vitalik will send those tokens to charity. Usually, it will just stay on his wallet. And because those tokens got popular in the market, he took the advantage of giving it to charity instead of pocketing it on his own. I really appreciate about this move. I hope those meme tokens will stop sending those tokens and just do their own business.

Those coin above i call it "Fork of Joke Coin" and it must ended sooner or latter. I advice people not to buy such coin. You will lose your money anytime. Better start feeding bitcoin marketcap. And vitalik did the right thing by throwing away joke token. He dont need it.

This was bound to happen sooner or later. MEME coins were gaining ground on the market, and someone had to intervene. May be this mission was assigned to a Vitalik Buterin. He performed admirably. Despite the fact that many people are upset about the vitalik buterine, the MEME coins have become annoyingly popular, which is not cool.

this is just a game and a joke, but when there are influencers who promote it then it will become popular and affect many people's perceptions so that the market moves along.
scammers and fraudsters take advantage of this moment to attract attention, the target is new users and ordinary people who are fomo because they missed the previous popular meme coin. unfortunately this is just a trap. coinmeme was created for instant profit, by utilizing the community or influencers, so if the support of the influencer and the community is lacking then it will be nothing, and end up being a real joke.

the market has already recovered but the problem is that this recovery was only on the bitcoin side, altcoins are having a big price drop against bitcoin pair - altcoin but this can also be a good chance people buy altcoins now and wait when bitcoin price stagnates in a zone, at that time altcoins will be able to easily make profits of more than 2X


It's sad what you see in this cryptocurrency market, someone wakes up and creates altcoin named after a Japanese fish or a dog name and so many people buy the coin making the coin creator become rich

The end of Memecoin is like other hype coins, it happens when something new is coming and booming more than those meme coins. that is the NFT games.
Sof ar, NFT games are the most popular tokens and coins with their interesting utility.
Once it has been increasing and rising up more than other altcoins.
S far, we know that meme coins like Shiba Inu follow Doge, and once Doge is none, it will also decrease the value of other meme coins. Moreover, a meme coin is just a meme, so it may not offer very high value.

We know that this market could really be that highly reactive when it comes  to trends and news and if a certain known person or influential would recommend something then it turns out that it would
really be making up some noise and this what happened on meme coins  when Elon had tried to shill out or support Dogecoin on where it did  really make out some  significant interest on the market
and turns out that other meme coins had really do the same and there are lots of new meme coins had popped  out in the market like mushrooms.
Ending of the season? It is already happening because it did turn out to  be quiet already.

But still there are people who make coin memes even though they are no longer sold in the market.
that's how the market is today memes are made just for gimmicks.
nothing is profitable anymore, everything newly listed on coinecko or CMC is no progress and the price keeps dropping.

What Vitalik did by selling off these meme coins and donating it to Covid relief in India is really admirable in my opinion. First of all the meme coins creators were trying to leverage the influence of Vitalik to promote their coins which provide no known value. So if Vitalik had held unto the coins or used it for personal uses, then it would have been some sort of endorsement for a project he has no connection with.

This is going on for a long time and so is the reason some of the project developers are anonymous because they keep on changing with their ideas and they usually copy other source code and launch their own coin and in the end when everything is set and done the developer will be making millions and they move on to the next one.

And gullible investors keep on buying these worthless tokens. These crappy projects will not grow like mushrooms if there are no naive buyers. However, people are patronizing this kind of hype so these "developers" keep on creating crap projects. And then, people are blaming this scamming technique, but what we can do, is to be more cautious with our investments. Because they don't care if you are screwed as they all want is to get more money for their pockets.

Some of them are whales who profit from people who buy meme coins since it's easy money for them. You'll need to do a lot of research or bought during pre-sale or whitelisted on a private sale to avoid being roughed up by the developers or exploited by the whales. The developers are the ones who benefit the most from these meme coins because I personally know some people who develop shitcoins and make a lot of money by simply spending time developing and promoting them so that a lot of people will buy it.