End of memecoin season by Vitalik Buterin or not?

[bhadz]

Vitalik rug pulled.

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

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.

[1714787832]

1714787832

[redwine49]

Nobody (aside from shiba holders) could be mad at him for doing that.

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

[motun01]

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.

[Fatunad]

Nobody (aside from shiba holders) could be mad at him for doing that.

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

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. 

[arapgeceleri]

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.

[shinratensei_]

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.

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.

[TastyChillySauce00]

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.

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.

[raes]

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.

[pealr12]

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.

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.

[warg2017]

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.

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.

[cryptoaddictchie]

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.

[Vaculin]

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.

[tiCeR]

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.

[bitkanu]

I was also surprised to see binance listing new coins of Shiba to their list of exchanges.

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.

[hd49728]

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.

[deathcode]

I was also surprised to see binance listing new coins of Shiba to their list of exchanges.

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.

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.

[Fredomago]

I was also surprised to see binance listing new coins of Shiba to their list of exchanges.

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.

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.

[jostorres]

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 .

Total ETH from those selling: 1049.55 ETH

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.

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

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.

[crazy-pilot]

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.

[tippytoes]

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.