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Ethereum News 711 Views
1 year ago

Vitalik Buterin Sparks Panic After Selling 2 Trillion DOG Tokens

Ethereum’s co-founder triggered panic by dumping 2 trillion DOG meme tokens on Uniswap, shaking the altcoin community.

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Vitalik Buterin Sparks Panic After Selling 2 Trillion DOG Tokens
Vitalik Buterin Sparks Panic After Selling 2 Trillion DOG Tokens

Ethereum co-founder Vitalik Buterin has ignited panic across the meme coin sector after unloading 2 trillion DOG tokens on Uniswap V4. These tokens, most likely sent without his consent as a publicity tactic by DOG’s creators, were immediately converted to ETH in a move that jolted the market.

Though the transaction fetched only 4.4 ETH, it wasn’t about the value — it was about the message. Ethereum trading volumes surged as bots and traders rushed in, anticipating volatility.

DOG token, still relatively new, now faces immense pressure. Can it bounce back like Shiba Inu did, or is it headed for collapse like many small-cap meme tokens before it?

Buterin has a history of rejecting unsolicited meme tokens, often selling or donating them quickly. This means the ETH from this sale may re-enter the market, adding more short-term stress on Ethereum prices.

DOG’s survival now hinges on its community. It’s a classic crypto question: collapse or comeback?