Alright, let's get this straight. Vitalik Buterin, Mr. Ethereum himself, is dumping meme coins again.
The Great Meme Coin Purge
So, Lookonchain, those blockchain sleuths, are saying Buterin cashed out 257.1 ETH (around $636,000) worth of assorted meme tokens. MSTR, POPCAT, ITO… the list goes on. It's like someone cleaned out the bottom drawer of their crypto sock. Vitalik Buterin Sells Meme Tokens for 257 ETH And before this, he already dumped MOODENG for a cool $765k and change, then gave some of it to charity. Okay, noble, sure. But still...
He says it's his "policy" to sell or donate unsolicited tokens. Fine. But is it really that simple?
You see the problem, right? He acknowledges these things, even if just to say he's selling them, and suddenly they get a bump. Remember EBULL? Crypto Rug Muncher (love that name, by the way) pointed out how it spiked after Buterin gave it a nod. Insiders cash out, retail investors get rekt. Rinse and repeat. It's the circle of crypto life, Simba.
And it's always the same story. Some dev sends a celebrity a bunch of their crapcoin in the hopes they'll shill it. The celebrity acknowledges it, maybe even jokes about it, and boom – instant liquidity for the devs, bagholders left holding, well, bags.
Isn't this just another form of insider trading, dressed up in the sheep's clothing of "charity"?
The Charity Angle: A Convenient Excuse?
Buterin did donate some of the MOODENG proceeds to charity. Good for him, offcourse. But does that absolve him of all responsibility? Does donating a portion of the profits make the whole thing ethical? I don't know. It feels… calculated. Like a PR move to soften the blow of dumping on the little guy.
I mean, he gave 100 ETH to the Tornado Cash devs' legal fund. Which, okay, supporting privacy is a good thing. But it also feels like he's playing 4D chess while the rest of us are just trying to figure out how to afford gas.
And let's be real, these meme coins are mostly garbage. Risky, non-transparent, and fueled by hype. They're the Beanie Babies of the crypto world. Except, instead of sitting in your attic collecting dust, they're actively draining your bank account.
So, is he cleaning house to get rid of unsolicited crap, or is he playing the game, manipulating markets with his every move, and then washing his hands with a charitable donation? Maybe it's both. Maybe I'm just cynical.
Tyler Cowen: Nobel Prize Winner?
And then there's Tyler Cowen suggesting Buterin deserves a Nobel Prize. A Nobel Prize? For what? Inventing a platform that's spawned a million scams and rug pulls? For being the poster child of a technology that's mostly used for speculation and tax evasion? Give me a break.
So, What's the Real Story?
Look, Buterin's a smart guy. He's done a lot for the crypto space. But this meme coin thing stinks. Either he needs to completely ignore these unsolicited tokens, or he needs to be way more transparent about his intentions. This half-in, half-out approach just feels… disingenuous. It's like he wants to have his cake and eat it too. And honestly, I'm tired of watching the little guy get crumbs while the big players feast.
