Hilarious Twitter reactions to Vitalik’s altcoin dumping spree

2 years ago

The cryptocurrency marketplace is known for its volatility and unpredictability, and 1 facet of this is the emergence of “shitcoins” – integer tokens with small to nary real-world value. Recently, determination has been buzz surrounding Ethereum co-founder Vitalik Buterin’s determination to merchantability immoderate of these tokens, sparking speculation and treatment wrong the crypto community.

Some person speculated that Buterin’s token sell-off was owed to the carnivore marketplace situation, portion others judge helium whitethorn person wanted to debar these tokens counting arsenic income connected his taxation sheet.

In his spree of aboriginal greeting selling, Vitalik Buterin, co-founder of Ethereum, has unloaded respective low-cap alt-coins, mounting disconnected a question of criticism–many successful meme form.

After Vitalik flipped 50B Mops for 1.25 Ethereum($2,000), 10 cardinal Cult for 58 Ethereum($91,000), and 500 trillion Shik whop a whopping 380 Ethereum ($600,000), Twitter kicked successful and did what it does best.

@Gainzy222 trolls shill culture

founders inactive sending vitalik escaped coins truthful helium tin dump them connected the unfastened marketplace and turbo nuke their projects

great usage of funds, stupendous marketing, highly +ev, what could spell incorrect pic.twitter.com/2J3RPQ9Gvw

— gainzy (@gainzy222) March 7, 2023

One man’s trash, is @GonSendIt’s gain

GooGoo GaGa We’re stacking each the tokens we’re getting #FromVitalik @vitalikerc20 wen @VitalikButerin tweet we spell GIGA 0/0 taxation #vitalik adjacent $Tyrant $The Millions programmed pic.twitter.com/n5gQE4GPnO

— DR. DRIP (@GonSendIt) February 25, 2023

Some deliberation its dumb radical are making a large woody erstwhile helium ne'er asked for the Tokens to statesman with

I honestly deliberation it's truly dumb to nonstop him tokens that helium didn't inquire for. If $CULT picks up velocity helium could precise good dump the remainder of it.

— Pisen (@pisen900) March 7, 2023

Following the transactions, the tokens experienced a earthy terms crash, with the objection of Mops, which inexplicably surged by implicit 85%. Cult saw a alteration of implicit 8%, Shik astir 70%, and BITE implicit 6%. Despite Buterin’s dumping, the tokens look to person benefited from the attention.

Mops has surged 216% successful worth implicit the past 24 hours. Prompting immoderate comic tweets also.

$MOPS & $OHMI & $BPEG Who volition execute champion successful the market#1000xGems pic.twitter.com/Hn1s8TQjrj

— 羊咩的鲸鱼 (@EthSheepwhale) March 7, 2023

Then those bullish connected CULT

The crushed for this occurrence remains unclear, but akin crashes successful tokens person resulted from Buterin’s token dumps successful the past. However, Shiba Inu (SHIB) has experienced a singular surge successful worth since its dump. The task has endeavored to rebrand itself arsenic much than conscionable a meme coin and supply greater inferior to its users.

Speculation of Vitalik arsenic a low-cap marketplace whisper?

One of the things I perceive perpetually "what if a guardian sells?" Well @VitalikButerin showed america precisely what happens the illustration dips 9% and the dip gets eaten and the $cult treasury gets filled.

So… nothing happens if a guardian sells