Author: Nan Zhi, Odaily Planet Daily
Will Vitalik’s coin selling become a rising engine again?
On August 5, Vitalik sold Nerio, which caused Nerio to fall by 60% in a short period of time, but it also became a key step for this token to reach a market value of US$700 million.
On October 5, Vitalik began selling meme coins on the chain again, including MOODENG, Neiro, KABOSU and other tokens. The name MOODENG was previously known for the Solana version of the token that rose to $300 million, while MOODENG on ETH peaked at just $10 million. But after Vitalik was sold, the tables began to reverse, with the market cap hitting $10 million within minutes and kick-starting a steady upward trend.
On October 7, Vitalik sold MOODENG again and exchanged it for 260.16 ETH (worth approximately US$642,000) and transferred it to the charity Kanro. Shortly afterwards, Vitalik posted:
I'm very grateful to meme coin projects that donate a portion of their token supply directly to charity. (For example, I saw Ebull donate large amounts of tokens to multiple groups last month.)
Any tokens sent to me will also be donated to charity (thanks to Mooden, the 10 billion tokens received today will be donated to airborne disease prevention and control technology), but I would prefer to donate the tokens directly to charity, maybe A DAO can also be established to allow the community to directly participate in decision-making and processes.
I've mentioned before that I think the best outcome for meme coins is if they bring the greatest positive-sum effect to the world, so it's really cool to see something like this happen.
After the article was published, MOODENG and EBULL soared, with the former exceeding US$100 million in market capitalization and the latter exceeding US$10 million in market capitalization.
Neiro and MOODENG recall the story of Vitalik selling Shiba Inu Coin (SHIB) in 2021. The community also started promoting the "next Shiba Inu Coin" as a gimmick, and meme coins on the chain transferred funds to Vitalik.
What meme coins does Vitalik currently hold? Is the operation traceable? Odaily will answer with on-chain data.
Vitalik position statistics
This section summarizes the tokens that Vitalik holds with a market value greater than $100,000, or that have been sold within 180 days, in descending order of holding market value. The data is as shown in the following table:
Will Vitalik go up if you sell it? In the near future, it is true, especially after Neiro strengthened this concept, the "Vitalik selling effect" became more and more significant. ITO and KABOSU were sold on October 5. ITO rose by 222% one hour after the sale, and KABOSU The 1-hour increase was 73.7%. But the earlier JPPG returned to zero directly after the crash.
Is there a pattern to the tokens Vitalik chooses to sell? According to the data of the past year, at least it is not directly related to market value, liquidity and other factors. Among the tokens sold by Vitalik, the smallest market value is only tens of thousands of dollars (such as RICHPEPE), and the highest is millions of dollars (such as Neiro, MOODENG, etc.) , so all tokens theoretically have the opportunity to win the "Vitalik selling effect".
There is no specific pattern in the sales ratio in the past year. Some sell all at once (such as JPPG), and some sell only a small proportion such as 2.5% (such as MOODENG). However, the total sales amount is usually a maximum of dozens of ETH. . Therefore, the author believes that if you want to "ambush" the concept of Vitalik's sale, you should choose a token with liquidity that can bear its smashing power, that is, consider a token with a holding ratio of about 5% -20%.
In addition to the above tokens, meme coins are transferred to the Vitalik address every hour. Because the transfer amount is too small, this article does not list it. Some of them also show a certain increase after the transfer. Readers can make statistics and pay attention to them by themselves.
(The above content is excerpted and reprinted with the authorization of our partner PANews, original text link | Source: Odaily Planet Daily)
Statement: The article only represents the author's personal views and opinions, and does not represent the objective views and positions of the blockchain. All contents and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and transactions, and the author and Blockchain Client will not be held responsible for any direct or indirect losses caused by investors' transactions.
"V God sells coins" is a bullish signal? An article analyzing Vitalik Buterin’s position and operating rules. This article was first published on (Block Guest).