End of memecoin season by Vitalik Buterin or not?

[Fivestar4everMVP]

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.

[ene1980]

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!

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.

[Entei]

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.

[zasad@]

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.

[mamiko]

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.

[JeffBrad12]

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.

[TastyChillySauce00]

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.

[Psynthax]

LOL  . 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.

[Bitstar_coin]

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.

[redwine49]

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.

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

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.

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

[TheGreatPython]

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.

[iTradeChips]

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.

[Bilgent]

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.

[redwine49]

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.

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

[Atang Sulaeman]

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

[Teraboy]

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.

[tsaroz]

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.

[electronicash]

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.

[RealMalatesta]

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.

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.

[tiCeR]

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.

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.