End of memecoin season by Vitalik Buterin or not?

[Review Master]

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/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

Second, he sold off "Shiba Inu" tokens

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

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/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

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

[1715015590]

1715015590

[1715015590]

1715015590

[1715015590]

1715015590

[1715015590]

1715015590

[1715015590]

1715015590

[o48o]

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?

[agustina2]

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

[MishaSER]

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))

[bitkanu]

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.

[tippytoes]

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.

[crzy]

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.

[coin-investor]

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.

[Dump3er]

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?

[bussybuddy]

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

[Mpamaegbu]

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.

[makishart]

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.

[so98nn]

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.

[FairUser]

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

[Adreman23]

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.

[fielkun]

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

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

[Kitaiev]

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...

[Nalbo]

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.

[o48o]

-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

[TheMimic1]

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