Ethereum co-founder Vitalik Buterin has once again offloaded a batch of gifted memecoins—this time involving two trillion tokens of LEDOG (DOG), which he swapped for ETH in a quiet move that quickly caught the attention of traders.
Known for receiving unsolicited tokens from altcoin creators, Buterin typically responds by donating or liquidating these assets, often redirecting the proceeds to charity. His latest action was no exception, though even modest sales from a figure of his stature often cause waves in the market.
While the sale netted just 4.4 ETH, it coincided with a noticeable spike in Ethereum’s hourly trading volume. The swap added fuel to speculation, with investors fearing possible fallout in DOG’s price due to perceived dumping.
Market analysts, however, caution against assuming a collapse. They argue the memecoin’s next move will largely depend on how well the community manages liquidity and confidence in the aftermath. Panic selling, not the sale itself, remains the bigger threat.
Given Buterin’s pattern of quickly liquidating unsolicited tokens, many expect the ETH he received to be redistributed or used soon—likely in the spirit of previous philanthropic gestures. Still, the timing and visibility of these transactions continue to be a reminder of how much influence a single wallet can hold in crypto.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/vitalik-buterin-offloads-memecoins-again-sparks-market-reactions/