DeFi Daily News
Wednesday, October 1, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Ethereum

rewrite this title Ethereum Founder Dumps Billions In These Meme Coins, Is This A Repeat Of Shiba Inu In 2021?

Scott Matherson by Scott Matherson
September 30, 2025
in Ethereum
0 0
0
rewrite this title Ethereum Founder Dumps Billions In These Meme Coins, Is This A Repeat Of Shiba Inu In 2021?
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Ethereum founder Vitalik Buterin recently offloaded billions in meme coins. This has brought back memories of how Buterin handled the Shiba Inu tokens that SHIB’s founder Ryoshi sent to him back in 2021. 

Ethereum Founder Offloads Billions Of Meme Coins

On-chain analytics platform Onchain Lens revealed in an X post that the Ethereum founder had sold 150 billion PUPPIES for 28.58 ETH ($114,480) and 1 billion ERC20 for $13,889 USDC. These are tokens that Vitalik received for free, as meme coin teams and the community are known for sending coins to the Ethereum founder. 

Related Reading

This practice dates to as far back as 2021, when the Shiba Inu founder Ryoshi sent 500 trillion SHIB tokens, which represented half of the meme coin’s total supply. The Ethereum founder famously burned 450 trillion coins by sending them to a dead wallet, while he donated the remaining 50 trillion coins to help fight the COVID-19 pandemic at the time. 

Since then, Vitalik has adopted a similar approach for every meme coin he receives. The Ethereum founder usually sells these coins and then donates the proceeds to charity. He had mentioned last year that he would truly prefer if these coins were sent directly to charity. Vitalik further advised community members to consider setting up a DAO and getting community members directly involved in decision-making. 

The Ethereum founder added that the best thing for meme coins is if they can be maximally positive-sum for the world, and that it will be great to see moments when that actually happens. However, these transfers to Vitalik are often viewed as a means for these meme coins to increase their visibility. 

Vitalik’s move with the SHIB tokens undoubtedly contributed to putting Shiba Inu in the spotlight. He burned those tokens just as the meme coin went on its legendary run in 2021, reaching its current all-time high (ATH) of $0.00008845 in the process. 

A Peek Into Vitalik’s Public Wallet

Arkham data shows that the Ethereum founder still has more meme coins in his pubic wallet, which he received from community members. His largest meme coin holding is currently Moodeng, which he holds 30 billion coins worth $518,000. Meanwhile, his largest crypto holding in value remains ETH. Vitalik holds 240,000 ETH worth just over $1 billion. 

Related Reading

The Ethereum founder regained his on-chain billionaire status following ETH’s break above $4,000 last month. ETH eventually reached a new ATH in the process, which caused Vitalik’s wealth to surge briefly. However, the largest altcoin is currently struggling to hold above the psychological $4,000 level amid the recent crypto market downtrend. 

At the time of writing, the Ethereum price is trading at around $4,200, up over 2% in the last 24 hours, according to data from CoinMarketCap.

ETH trading at $4,181 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Medium, chart from Tradingview.com

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BillionsCoinsDumpsEthereumFounderInumemeRepeatrewriteShibatitle
ShareTweetShare
Previous Post

rewrite this title Mortgage Rates Today, Tuesday, September 30: A Little Higher – NerdWallet

Next Post

rewrite this title and make it good for SEOEuro zone inflation risk quite contained, Lagarde says

Next Post
rewrite this title and make it good for SEOEuro zone inflation risk quite contained, Lagarde says

rewrite this title and make it good for SEOEuro zone inflation risk quite contained, Lagarde says

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
TopStep Discount Code

TopStep Discount Code

September 17, 2024
I stumbled upon a Duolingo hack, and now I regret it

I stumbled upon a Duolingo hack, and now I regret it

October 12, 2024
rewrite this title 5 Things to Know About the Cathay Pacific Credit Card – NerdWallet

rewrite this title 5 Things to Know About the Cathay Pacific Credit Card – NerdWallet

May 1, 2025
rewrite this title Repair from Millions of Kilometers Away: How NASA Keeps the Mars Rovers Alive

rewrite this title Repair from Millions of Kilometers Away: How NASA Keeps the Mars Rovers Alive

September 29, 2025
rewrite this title Plasma CEO and Founder Paul Faecks Defends Team Amid XPL Token Selloff

rewrite this title Plasma CEO and Founder Paul Faecks Defends Team Amid XPL Token Selloff

October 1, 2025
rewrite this title 6 Halloween Destinations to Treat Yourself – NerdWallet

rewrite this title 6 Halloween Destinations to Treat Yourself – NerdWallet

October 1, 2025
CRYPTO HODLERS… big things are happening in October

CRYPTO HODLERS… big things are happening in October

October 1, 2025
rewrite this title Borussia Dortmund 4-1 Athletic Bilbao: Guirassy inspires emphatic victory – Soccer News

rewrite this title Borussia Dortmund 4-1 Athletic Bilbao: Guirassy inspires emphatic victory – Soccer News

October 1, 2025
rewrite this title Greg Palmer and the Finovate Podcast Talk Payments, Lending, and Stablecoins – Finovate

rewrite this title Greg Palmer and the Finovate Podcast Talk Payments, Lending, and Stablecoins – Finovate

October 1, 2025
rewrite this title Bitcoin Miners’ Market Cap Soared in September to Record High – Decrypt

rewrite this title Bitcoin Miners’ Market Cap Soared in September to Record High – Decrypt

October 1, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.