PeckShield Alert posted on Twitter that Ethereum co-founder Vitalik Buterin’s wallet address (vitalik.eth) sold 25 trillion SHIT tokens on the decentralized exchange Uniswap earlier today (4th). Valued at about $33,000.
After such a sell-off, the SHIT price must be affected. According to CoinGecko data, SHIT is down 43.3% in the past 24 hours and is at $0.000000111178 at press time.
It is understood that SHIT is the native token of the meme NFT project “I will poop it NFT”. It was created by an anonymous team. There was no clear roadmap at the beginning of the launch. It started trading on June 10 this year, which is about At that time, Vitalik Buterin received an “airdrop” from the project party – 25 trillion SHIT tokens.
In fact, this is not the first time this has happened. As early as last May, when Shiba Inu Coin (SHIB) was launched, the founder Ryoshi transferred 50% of the total token supply to Vitalik Buterin in batches. And other cryptocurrency projects have followed suit.
Unbearable, Vitalik Buterin simply donated some of the tokens to charity, and the rest was destroyed. He even directly shouted to the cryptocurrency project at that time, don’t transfer the tokens to him without authorization.