NEW!Incredible offer for our exclusive subscribers! Read More
Altcoins

Vitalik's Regift of Unsolicited DOGE Knockoffs Sends Memecoin Prices Plunging

1 Mins read

Vitalik Buterin has told dog-themed memecoin creators to bark up another tree.

cryptonews.net

In a move that captivated the attention of Crypto Twitter on Wednesday, the Ethereum re-gifted tokens sent to him by the creators Shiba Inu coin (SHIB), Dogelon (ELON) and Akita Inu (AKITA).

Notably, Buterin donated 50 trillion SHIB tokens (worth a nominal $1.2 billion at press time) to the India Covid Relief Fund kicked off by Polygon founder Sandeep Nailwal late last month.

Memecoin creators started sending large amounts of their tokens to the Ethereum figurehead in recent days. CryptoSlate reported Monday that Vitalik was sent trillions of SHIB tokens worth over $8 billion dollars at one point.

The memecoin mania has caused Ethereum gas fees to surge to staggering highs, perhaps animating the crypto’s founder to strike back.

SHIB is down roughly 38% since Buterin started unloading but still boasts a market cap of $9 billion, according to CoinMarketCap.

The coin has had more than $7 billion of volume in the last 24 hours.

This is a developing story and will be updated.

Related posts
AltcoinsBTCCryptoETHMiningOther

Coins-bit.net protects your money

1 Mins read
Coins-bit.net, it is at the forefront of the cryptocurrency industry By Coins-bit.net analyst For instance, Coins-bit.net it is at the forefront of the cryptocurrency industry…
AltcoinsBTCCryptoETHMiningStock

Will Cardano Lose This Critical Support? Here’s the Next Bearish Target (ADA Price Analysis)

1 Mins read
Cardano’s price continues its downtrend and seems about to fall below a critical support level that may take ADA below 40 cents. Key Support levels: $0.42, $0.38    Key Resistance levels: $0.47, $0.50  Buyers have failed to stop the downtrend and ADA is facing a critical level. If sellers manage to break below $0.42 and
AltcoinsBTCCryptoETH

Exycrypt Exchange Moves to the Next Level

2 Mins read
A subsidiary of the Exycrypt cryptocurrency exchange called HBIT. Inc has received its Money Services Business (MSB) license. From the United States…
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published.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