Author: Nan Zhi, Odaily Planet Daily
Will Vitalik's selling of coins become the engine of price increase again?
On August 5, Vitalik sold Nerio. Although it caused Nerio to drop by 60% in a short period of time, it also became a key step for this token to reach a market value of US$700 million.
On October 5, Vitalik started selling Meme tokens on the chain again, including MOODENG, Neiro, KABOSU and other tokens. The name MOODENG was previously known because the Solana version of the token rose to $300 million, while the highest market value of MOODENG on ETH was only $10 million. But after Vitalik sold it, the situation began to reverse, and the market value soared to $10 million within minutes, and started a steady rise.
Yesterday, Vitalik sold MOODENG again and exchanged it for 260.16 ETH (worth about $642,000) and transferred it to the charity Kanro. Shortly afterwards, Vitalik posted:
“I’m very grateful to Meme Coin projects that are donating a portion of their token supply directly to charity. (For example, I saw Ebull donate a large number of tokens to multiple groups last month.)
Any tokens sent to me will also be donated to charity (thanks Moodeng, the 10 billion tokens received today will go to airborne disease prevention technology), but I would prefer to donate the tokens directly to charity, and perhaps set up a DAO to allow the community to directly participate in the decision-making and process.
I’ve mentioned before that I think the best outcome for MemeCoin is that they have the biggest positive-sum effect on the world, so it’s really cool to see something like this happening.”
After the article was published, MOODENG and EBULL soared, with the former breaking through the market value of US$100 million and the latter breaking through the market value of US$10 million.
Neiro and MOODENG reminded people of the story of Vitalik selling Shib in 2021. The community also began to promote it with the gimmick of "the next Shib", and Meme coins on the chain were transferred to Vitalik.
What Meme tokens does Vitalik currently hold? Is there any trace of his operations? Odaily will answer based on on-chain data.
Vitalik Holdings Statistics
This section summarizes the tokens that Vitalik holds with a market value greater than $100,000 or have been sold within 180 days. The data is shown in the following table in descending order of market value:
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, and ITO increased by 222% one hour after the sale. , KABOSU’s 1-hour increase was 73.7%. But the earlier JPPG returned to zero directly after the market crash.
Is there a pattern in the tokens Vitalik chooses to sell? According to the data of the past year, at least there is no direct correlation with factors such as market value and liquidity. The tokens sold by Vitalik have a market value of only tens of thousands of dollars (such as RICHPEPE) and a market value of millions of dollars (such as Neiro, MOODENG, etc.). Therefore, all tokens have the opportunity to win the "Vitalik selling effect" in theory.
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 2.5% or a small proportion (such as MOODENG), but the total sales amount is usually a few dozen ETH at most. Therefore, the author believes that if you want to "ambush" Vitalik's selling concept, you should choose a token with liquidity that can bear his market-smashing power, that is, consider holding tokens with a holding ratio of about 5%-20%.
In addition to the above tokens, Meme tokens are transferred to Vitalik’s address every hour. Since the amount of transfer is too small, it is not listed in this article. Some of them also show a certain increase after the transfer. Readers can count and pay attention to it by themselves.
