Ethereum (ETH) Founder Vitalik Buterin sold 2 Trillion Memecoins! Caused Panic in the Market!

One of the most important figures in the crypto sector, the founder of Ethereum (ETH), Vitalik Buterin, is receiving gifts of altcoin from many projects.

Buterin states that all altcoins sent to her wallet by altcoin teams are donated to charities.

At this point, Buterin made a new sale of one of the meme coins that came as a gift. Previously, Buterin had also sold the meme coin called LEDOG (DOG), and today he converted two trillion DOG tokens into Ethereum.

Investors closely monitor the actions of significant figures like Vitalik Buterin, such as token sales, as it is known that such large sale transactions typically bring about high volatility and panic selling. This is because investors are concerned about the market impact of large token sales made by individuals like Buterin.

However, while Buterin's recent sale may pose a risk of decline for DOG, it may not necessarily mean a definitive crash. At this point, the community's response will be crucial. Experts predict that the DOG price will depend on how much support the community can provide for liquidity and how much it can prevent panic.

Additionally, at the moment Buterin conducted the sale, a sudden increase was observed in Ethereum's hourly trading volume. Although the DOG sale only brought in 4.4 ETH, immediately after the DOG-ETH swap, ETH's hourly trading volume skyrocketed.

Lastly, considering Buterin's history of quickly redistributing or selling such assets, it should not be forgotten that there is a high likelihood that the purchased ETH will re-enter the market in the short term.

*It is not investment advice.

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