Vitalik Buterin\'s $33K Shitcoin Dump: 25 Trillion SHIT Tokens Plummet 60% After Sale
Ethereum co-founder Vitalik Buterin has triggered a dramatic price crash in a newly airdropped "SHIT" token after dumping his massive holdings. The saga highlights the ongoing issue of unsolicited airdrops and their impact on the crypto market. Ethereum co-founder Vitalik Buterin got 25 trillion SHIT tokens as part of an airdrop in an effort to accomplish this. “Pieceofshit” gave Vitalik the airdrop .
25 Trillion SHIT: From Airdrop to Uniswap Dump
Reports indicate that Vitalik Buterin received 25 trillion SHIT tokens from an unidentified source. In an attempt to gain free publicity, shit tokens are ready to do almost anything. In such an attempt, Ethereum co-founder Vitalik Buterin received 25 trillion SHIT. Instead of holding onto the tokens, Buterin swiftly moved to liquidate his position, exchanging them for Ether (ETH) on Uniswap. On One of the latest concerns, emerging from the information provided by PeckShieldAlert, is the Ethereum founder-boss Vitalik Buterin\'s act of selling no less than 25
$33,000 for 25 Trillion: A Stark Reminder of Shitcoin Value
While the quantity of tokens was astronomical, the realized value was surprisingly low. Vitalik Buterin has dumped 25 trillion SH.T (name of coin) for just $33k on Uniswap. This illustrates the minimal intrinsic worth of many airdropped "shitcoins," which often rely solely on hype and speculation.
Price Plummets 60% Following Buterin\'s Sale
The impact of Buterin\'s sell-off was immediate and significant. The asset’s value plummeted by at least 60% after the Ethereum founder Vitalik Buterin sold 25 trillion SHIT received from an unidentified prankster. Holders of the SHIT token experienced substantial losses, underscoring the risks associated with investing in highly volatile and illiquid cryptocurrencies. Vitalik Buterin has gone on a shitcoin selling spree, exchanging nearly $700,000 worth of tokens previously airdropped to him for Ether (ETH). Although the SHIT coin sale was just $33,000, other similar sales brought the total to $700,000
A Warning Against Unsolicited Airdrops
It appears that Ethereum founder, Vitalik Buterin, isn’t interested in low-performance Sht Coin, which was sent as an airdrop to Vitalik Buterin was dumped, which had a direct impact on the asset. The total amount of tokens dumped by Buterin through Uniswap is The founder of Ethereum Vitalik Buterin sold 25 trillion SHIT tokens received from an unidentified prankster. The total amount of tokens dumped by Buterin through The incident serves as a cautionary tale for crypto investors. Unsolicited airdrops are frequently used as a marketing tactic, but they can also be scams or "pump and dump" schemes. It\'s crucial to exercise caution and conduct thorough research before investing in any cryptocurrency, especially those with little to no established track record.