Alright, let's get this straight. Vitalik Buterin, the golden boy of Ethereum, is dumping meme coins left and right. Again. Is anyone really surprised?
Lookonchain, those blockchain sleuths, are all over it. Apparently, Buterin offloaded a bunch of these digital nothings for a cool 257 ETH – that's, like, $636,000. MSTR, POPCAT, ITO, ETH6900 (seriously?), SATO, MILO… the list goes on. It’s like he’s cleaning out his digital attic. And who gave him this crap in the first place? Vitalik Buterin Sells Meme Tokens for 257 ETH
He says it's his "policy to either sell or donate unsolicited tokens." Okay, fine. But let's be real: does anyone believe that's the whole story?
And then there's the whole "charity" angle. He donated some of the proceeds from selling MOODENG to charity, supposedly for anti-airborne disease tech. Good for him, I guess? It's easy to be charitable when you're swimming in unsolicited crypto. But is it really charity if you're just getting rid of something you didn't want in the first place? Feels more like a tax write-off with extra steps.
Here's where it gets dicey. Buterin acknowledged EBULL and MOODENG for their charitable donations. And what happened? The price of EBULL went through the roof, according to some "Crypto Rug Muncher" dude.
See, this is the problem with crypto. A nod from a big name like Buterin is basically an endorsement, whether he means it to be or not. It's like Oprah saying she likes a book – suddenly everyone and their grandma is buying it, regardless of whether it's actually any good.
And these meme coins? Let's not kid ourselves. They're mostly garbage. Risky, non-transparent garbage that preys on FOMO and the get-rich-quick mentality. So, when Buterin gives them any kind of attention, it can inflate the price and leave smaller investors holding the bag.
Is he intentionally trying to pump these coins? Probaly not. Does his attention have that effect? Offcourse it does.
I saw something about some economist suggesting Buterin should get a Nobel Prize. A Nobel Prize? For what? Creating a platform that's fueled speculation, scams, and environmental damage? Maybe I'm just a bitter old cynic, but give me a break.
He sold 10 billion MOODENG meme tokens for 308.7 ETH and donated 260.15 ETH to charity. Before that, he donated 100 ETH to the legal defense fund for Tornado Cash developers.
Wait, are we seriously praising someone for donating a fraction of the money they made from selling joke currencies? It feels a bit like celebrating a pickpocket who gives some of the stolen cash to a homeless person.
Look, Buterin's free to do what he wants with his crypto. But let's not pretend this is some selfless act of charity or a brilliant move for the crypto ecosystem. It's a rich guy cleaning house and maybe tossing a few scraps to the less fortunate. The meme coin market is a joke, and Buterin's just playing the game. And honestly, I'm not sure who's more pathetic: him for dumping the coins or the people who bought them in the first place.
