$NEIRO Vitalik Buterin Offloads NEIRO, MOODENG, and DEGEN: What’s Next?

Date: Sat, Oct 05, 2024

In a notable market move, Ethereum co-founder Vitalik Buterin recently sold off significant amounts of several memecoins, netting him 140.67 ETH (approximately $340,500) within just four hours. This activity has sparked speculation about the potential implications for these tokens.

Breakdown of Sales:

MOODENG: Sold 11.76 billion tokens for 21.03 ETH (~$50,900); retains 50 billion worth ~$1.4 million.

NEIRO: Sold 70.72 million for 29.9 ETH (~$72,400); retains 70 million valued at ~$72,300.

DEGEN: Sold 7.8 million for 25.11 ETH (~$60,800); retains 7.5 million worth ~$57,300.

KABOSU: Sold 16 billion for 22.94 ETH (~$55,500).

USDT: Sold 101,000 for 41.69 ETH (~$101,000).

Bullish or Bearish?

Vitalik’s sales have historically influenced market sentiment. A previous instance involving Shiba Inu (SHIB) saw a significant price surge following his sale and subsequent donation of $1 billion worth of SHIB tokens. This raised questions: could NEIRO, MOODENG, or DEGEN experience similar bullish momentum?

Market Reaction: Vitalik's actions often lead to increased volatility and speculation. Memecoins frequently leverage such events to attract attention and potentially increase their visibility in the market.

Investor Sentiment: The involvement of a figure like Vitalik can instill confidence among investors, which may drive demand and prices upward.

Conclusion

The crypto market remains unpredictable. While Vitalik's sales may stir up optimism, the actual impact on NEIRO, MOODENG, and DEGEN is uncertain. It’s essential for investors to conduct thorough research and remain cautious.

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