Review Master (OP)
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May 12, 2021, 08:12:27 PM |
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Everyone was so much hyped up as dogecoin is pumped so hard and all thanks to great entertainer Elon Musk. 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. 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.
First, he sold off "Akita Inu" tokens Confirmed approval: https://etherscan.io/tx/0x8e58001a8b4d7d8786e1f75a7d68e045c3f18de39ce584b198e6b900feb45b5a1st selling worth of 129.58 ETH : https://etherscan.io/tx/0x37a4ebb4412264baada7324c61f5cf4bd5f0d5091645b18dfcf477c02e2071bc2nd selling worth of 193.22 ETH: https://etherscan.io/tx/0xa56e67e1f0c74ff0c681ed846a556911d58644a7665ece979f35a61c595b7f753rd selling worth of 153.39 ETH: https://etherscan.io/tx/0xc8177ef3215e0658437b0c7a72b2695b1df66c9a817b982762f2f65455a32e964th selling worth of 162.71 ETH: https://etherscan.io/tx/0x917d3c9af2ac8c6e909d0ee16441e5b309c5b539e768c4ed719bb3c04d516cf35th selling worth of 141.60 ETH: https://etherscan.io/tx/0x78481f74355950ed905a43b39cec3f89812edfb0969f0b67c1986a6c24bc129c6th selling worth of 104.10 ETH: https://etherscan.io/tx/0x472b914a37f1be38f466499789d0b01cca7de4df5103095df5b36f678a1def367th selling worth of 165.94 ETH: https://etherscan.io/tx/0xbd57b2abc46a5e2baa8c9b7647f6a84fdd34ae0f02b42788c8e5537a0a9bcebdTotal ETH from those selling: 1049.55 ETH 49T Akita Token sent to Gitcoin grants: https://etherscan.io/tx/0x2fb8b58f85ab4773da00771f7f1e1a9eacf99af0ef3310b75ebcd017099f7b3c
Second, he sold off "Shiba Inu" tokens Confirmed approval: https://etherscan.io/tx/0xc1db1625d05dfe6550d5e8b0ede636034ba70dafb06067aaf7fe2c8e422657821st selling worth of 107.37 WETH : https://etherscan.io/tx/0xfa76a53a1b816c30f98f5456982cd0ccbb2c88b24049c928dfe4db6c8ae89aed2nd selling worth of 111.32 WETH: https://etherscan.io/tx/0x9bd2ec874b113bfb4fc08ba4afa35be49d55eb157451030046cc519e14dda27b3rd selling worth of 129.61 WETH: https://etherscan.io/tx/0x9492df71b406177dbc12b9ea9191ff7fb6c96423d49eb787b69fd210046c4aad4th selling worth of 118.82 WETH: https://etherscan.io/tx/0x65330afc2d051844e316d88229447f1fc21635de044ce4c660464216c0f4a7f55th selling worth of 126.55 WETH: https://etherscan.io/tx/0xfccd3aec3c5bb9afa7114bb713a2da1c29c4a962afbb86b86e1baf95b69e31146th selling worth of 119.35 WETH: https://etherscan.io/tx/0x24d2b41a8bfebdfcae63368f038fe61ae68ef9dcac98cdeaf3c8e6cf56aecf467th selling worth of 299.10 WETH: https://etherscan.io/tx/0x8e6cd8575104df314c9e2c87b647d10a6fc6f71b799c4e76d529e777a62a59daTotal 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 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
Third, he sold off "Dogelon" tokens Confirmed approval: https://etherscan.io/tx/0x0fcb7f6df76e111b53ce58ff97e9f18a8e0fa7dc76ca74fd8adfc391536551851st selling worth of 152.86 WETH : https://etherscan.io/tx/0x15669755e570177147a505267bf0ff193100e1074dce69a0852a4cab6c7d57042nd selling worth of 619.67 WETH: https://etherscan.io/tx/0xfc32ae4a88ec0b2eadf0a2ac811e303773ad84efd2f6f9168461f108119617513rd selling worth of 299.10 WETH: https://etherscan.io/tx/0x8e6cd8575104df314c9e2c87b647d10a6fc6f71b799c4e76d529e777a62a59da4th selling worth of 407.94 WETH: https://etherscan.io/tx/0x11730fc4942750412c0d7fc00cd38c056ecd7733a151dce49b26fd813a8824daTotal ETH from those selling: 1012.12 WETH 432T Dogelon tokens and 1000 ETH Sent into a addresshttps://etherscan.io/address/0xa18e7e408859bc1c742aa566d6acc3f8fd5e7ffd So do others think that it'll impact on the market or memecoin season or it'll continue, no matter what happens.
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o48o
Legendary
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Leading Crypto Sports Betting & Casino Platform
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May 12, 2021, 08:51:09 PM |
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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?
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MishaSER
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BIB Exchange
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May 12, 2021, 09:08:57 PM |
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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))
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bitkanu
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May 12, 2021, 10:28:24 PM |
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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.
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tippytoes
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May 12, 2021, 10:46:37 PM |
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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.
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crzy
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May 12, 2021, 10:53:01 PM |
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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.
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.
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coin-investor
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May 12, 2021, 10:56:07 PM |
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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.
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Dump3er
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May 12, 2021, 11:46:39 PM |
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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?
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?
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bussybuddy
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May 13, 2021, 01:51:30 AM |
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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
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Mpamaegbu
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Crypto Casino and Sportsbook
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May 13, 2021, 04:25:57 AM |
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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.
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makishart
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May 13, 2021, 04:40:47 AM |
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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
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.
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so98nn
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May 13, 2021, 04:58:06 AM |
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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.
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FairUser
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May 13, 2021, 05:50:55 AM |
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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
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Adreman23
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SOL.BIOKRIPT.COM
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May 13, 2021, 06:11:50 AM |
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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.
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fielkun
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May 13, 2021, 06:44:04 AM |
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Faith in humanity restored. I couldn't ask for more. This was such a generous move. God bless them!
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Kitaiev
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May 13, 2021, 07:07:15 AM |
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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...
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Nalbo
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May 13, 2021, 07:14:30 AM |
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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.
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o48o
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Leading Crypto Sports Betting & Casino Platform
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May 13, 2021, 07:27:54 AM |
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-cut- 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 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
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TheMimic1
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May 13, 2021, 07:48:30 AM |
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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
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