End of memecoin season by Vitalik Buterin or not?

[leea-1334]

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.

[asriloni]

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

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.

[Jackl87]

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.

[Luffygroove]

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'.

[goaldigger]

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.

[fileo]

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.

[Yaunfitda]

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?

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.

[ampu]

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.

[Rally09]

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

[MishaSER]

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.

[SaShiRaJaVu]

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.

[Skinny48]

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

[X-ray]

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

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.

[ecnalubma]

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.

[akirasendo17]

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.

[Review Master]

I dont think this meme coin will be a live for couple of years from now, this meme coin is just a simple pump and dump to create fomo and to grab some one ethereum. What is this meme coin do ? Many project out there is more valueable then shiba inu, akita or others.

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.

[Golftech]

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.

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.

[el kaka22]

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.

[BitcoinPanther]

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, 

[bamb]

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!