Vitalik Buterin Sells 275 Trillion CAT Tokens
- Vitalik Buterin sold 275 trillion CAT tokens for 14,216 USDC.
- Buterin avoids speculative memecoins.
- Minor price dip observed post-sale.
Ethereum co-founder Vitalik Buterin sold 275 trillion CAT tokens for 14,216 USDC, following his routine of liquidating unsolicited memecoins via the Li.Fi aggregator.
The sale highlights Buterin’s cautious stance on meme tokens and its minor impact on CAT’s value, underscoring ongoing market volatility and speculative strategies in crypto.
Sale of 275 Trillion CAT Tokens by Buterin
Sale of 275 Trillion CAT Tokens by Buterin
Vitalik Buterin has a history of quickly liquidating unsolicited memecoins. His recent transaction involved 275 trillion CAT tokens converted into 14,216 USDC using the Li.Fi bridge.
This action aligns with Buterin’s previous approach to unwanted memecoins, maintaining a disciplined portfolio strategy. No other major Ethereum figures participated in this specific sale.
Market Dip of 0.81% After Token Sale
The CAT token price saw a 0.81% drop in the 24 hours following the sale. This reflects the ongoing volatility and illiquidity within the memecoin market.
The transaction highlighted concerns around meme token pump-and-dump schemes. The broader market remains largely unaffected due to Buterin’s well-known stance on such tokens.
Buterin’s Consistent Approach to Memecoins
Buterin’s actions are consistent with previous years, where he sold or donated memecoins like Shiba Inu, impacting their market. Such events have seen sharp price changes in meme tokens.
The market expects continued volatility in memecoins. Historical trends suggest Buterin’s sales could maintain market awareness of speculative risks in these assets.
Buterin’s established method of quickly selling unsolicited memecoins acts as a defense against market manipulation attempts targeting his public wallet.
– Crypto Analyst, Market Research Firm
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