Ethereum co-founder Vitalik Buterin has executed substantial sales of meme coins, specifically Doberman (DOBE) and DOJO. Blockchain security firm PeckShieldAlert tracked these transactions, revealing the extensive scale of this liquidation.
Large-Scale Token Swapping Observed
The transactions involved a staggering number of tokens, with 100,000,000,000,111.11 DOBE and 1,858,140,000,000 DOJO tokens being swapped. The move by Buterin’s linked address to liquidate these holdings has caught the attention of market watchers and investors alike. The significance of this activity lies in the volume of tokens involved and the impact it could have on the meme coin market.
Buterin’s wallet, known for accumulating many memecoins, often received these tokens from memecoin developers seeking legitimacy. This strategy by memecoin creators led to Buterin’s wallet amassing millions in value of these digital assets, with no restrictions on their potential liquidation.
In this recent action, the
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