• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

“Old Crane” Vitalik Buterin silently sells “dog coin”

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Ethereum founder Vitalik Buterin has as soon as yet again “liquidated” most of the puppy coins sent to his wallet.

Vitalik Buterin: a solution is coming to scale Ethereum a
“Old Crane” Vitalik Buterin “Silently Sells Dog Coins”

On October 19, in the midst of the cryptocurrency market place cheering the information that the 1st Bitcoin ETF went public on the US stock exchange, Ethereum founder Vitalik Buterin emptied all the coins sent by the tasks to your wallet without having getting consent.

Related articles

Swan Bitcoin blocks accounts that interact with coin mixing services

Swan Bitcoin blocks accounts that interact with coin mixing companies

November 15, 2023
Vitalik Buterin "revived" Plasma

Vitalik Buterin “revived” Plasma

November 15, 2023

Settled coins include things like Shih Tzu (SHIH), Aidi Inu (AIDI), Small Doge (SDOG), Jejudoge (JEJUDOGE), Baby Shiba (BHIBA), Kishu Inu (KISHU), Dogey Inu (DINU), Jomon Shiba (JSHIBA) , AstroElon (ELONONE) and Siberian Husky (SHUSK), for a complete worth of $ four.three million at the time of sale.

Viltalik Buterin’s “Dog Coin Sale” transaction summary on October 19, 2021

However, due to the fact these coins had been so illiquid, the sum Vitalik obtained in return was only $ one.eight million. The costs of most of the aforementioned “dog coins” have also plummeted as of this creating. However, well-known puppy-style coins like Dogecoin (DOGE) or Shiba Inu (SHIB) are not quite interested.

The worth of the puppy coins was offered by Vitalik Buterin at eleven:thirty pm on October twenty, 2021

It is not the 1st time that the founder of Ethereum plays the function of “Old Crane” of the crypto village. As reported by Coinlive, Vitalik Buterin on May twelve, 2021 “sprinkled cold water” on the Shiba Inu local community by marketing 50 trillion SHIBs (really worth $ one.two billion at the time), along with numerous other memecoins in the wallet and utilizes funds to assistance India’s COVID Fund. This move obtained enthusiastic praise from the crypto local community, but angered SHIB traders when the token value plummeted.

By May 17, to stay away from the consequences of controlling almost half of SHIB’s complete provide, Vitalik Buterin burned all the remaining tokens he owned, really worth $ seven.four billion. The SHIB value has considering that recovered by 50%. The Ethereum founder also published a letter urging tasks to halt sending tokens to his wallet.

Similar to employing the funds from the puppy coin sale to charity in May, Vitalik Buterin utilised the over proceeds to do fantastic. Specifically, Buterin utilised $ 200.00 to repurchase and burn up eight% of the complete provide of UBI Proof of Humanity tokens.

Proof of Humanity is a digital identity undertaking that implemented the Universal Basic Income (UBI) initiative to distribute UBI tokens to all these who participated in the identity. Vitalik Buterin’s actions will assistance include worth to these who hold this token and can be noticed as the highest “credit” a crypto undertaking can get.

My guy @VitalikButerin obtain 50 $ ETH is really worth $ UBI and burning it.

Great way to assistance universal primary cash flow on @test of humanity !https://t.co/f5w0zt7Ibl pic.twitter.com/wFNo4PL3nq

– Jimmy Ragosa | Jrag.eth (@JimmyRagosa) October 19, 2021

Synthetic currency 68

Maybe you are interested:


Join the chat group Coinlive Chats Let’s talk about sizzling subjects of the DeFi market place with Coinlive admin group !!!


Maybe you are interested:

Tags: ButerinCoinCranedogsellssilentlyVitalik
Share76Tweet47

Related Posts

UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy

by shark
June 6, 2025
0

Bluebird Mining Ventures shifts from gold revenue to Bitcoin treasury, impacting market dynamics.

Trump Advisor Meets El Salvador President Over Bitcoin Strategy

by shark
June 6, 2025
0

Trump's advisor Bo Hines meets El Salvador's Nayib Bukele to discuss Bitcoin policy impacts.

Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift

by shark
June 6, 2025
0

Bitcoin experiences calm trading in 2025, analysts foresee pivotal crypto changes ahead.

California Assembly Advances Bill on Dormant Crypto Assets

by shark
June 5, 2025
0

California's State Assembly approves AB-1052, designating long-inactive crypto assets as unclaimed property.

BlackRock ETF Leads Bitcoin Inflow with $284 Million

by shark
June 5, 2025
0

Spot Bitcoin ETFs see $87M net inflow, BlackRock's IBIT leads with $284M.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • BlockDAG, SHIB, Stellar, and TRON: June’s Top Bullish Crypto Picks
  • UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy
  • Trump Advisor Meets El Salvador President Over Bitcoin Strategy
  • Qubetics, Solana, Stellar: Massive Updates and $900M Moves Set Stage for Next Bull Run Crypto
  • Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift
  • California Assembly Advances Bill on Dormant Crypto Assets
  • BlackRock ETF Leads Bitcoin Inflow with $284 Million
  • Qubetics Kaspa and Tezos Emerge as the Best Crypto to Buy Now After Policy Shifts Shape 2025 Trends
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7