Vitalik Buterin, the co-founder of Ethereum, has recently swapped various alternative coins ETH. According to Lookonchain, an on-chain data resource, Buterin has converted over $700,000 worth of alternative coins into ETH. After the quick selloff, most coins were plummeting. However, MOPS gained 1,400% in 24 hours.
What Coins Did Vitalik Buterin Sell?
Etherscan, a blockchain explorer, has revealed that Vitalik Buterin’s publicly known wallet address sold 50 billion MOPS tokens for 1.25 ETH (approximately $2,000). He also cashed out 10 billion CULT tokens for 58 ETH (roughly $91,000) and 500 trillion SHIK tokens for 380 ETH (approximately $600,000).
Soon after, the prices of CULT and SHIK tokens were displaying bearish changes. CULT and SHIK have decreased by 8.3% and 62.8% in the past 24 hours, allegedly due to Vitalik’s sale of these tokens. Additionally, the community was unhappy with Vitalik’s decision to sell these tokens. They believe that it would trigger a market downturn amidst the ongoing bearish market sentiment.
Oddly enough, MOPS is the only coin that did not go on a bearish trend. Instead, it rose up to 1,400% in 24 hours. At the time of writing, the token price was further growing up to 2127%, according to CoinMarketCap. This was not the first time Buterin had to sell off a huge chunk of his coins. A few years back, he sold off all his Shiba Inu tokens after the community sent him a huge sum of SHIB tokens.
Where to buy MOPS Tokens?
MOPS token is a new meme coin that takes the image of a pug. Currently, it is only available on Uniswap (V2).
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