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Vitalik Buterin Warns Against ‘Shitcoins’ Despite Recent Popularity

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Gherardo Fiorenzo
Gherardo Fiorenzo is an Italian author with a unique perspective shaped by his experiences in Italy and the US. His thought-provoking articles, short stories, and reviews explore the intersections of language, identity, and culture.

Ethereum founder Vitalik Buterin has just Sold over $700,000 worth of Icons that were dropped from the air on him. but, in In a recent Reddit thread, he poked fun at the shitcoins he discussed community.

According to Etherscan, Vitalik’s publicly known wallet address sold 50 billion MOPS tokens, the equivalent of 1.25 ETH (about $2,000) when the transaction took place. complete. And cash as well out 10 billion CULT tokens for 58 ETH (about $91,000) and 500 trillion SHIK tokens for 380 ETH (about $600,000).

Moreover, according to PeckShield, it was BITE one of Tokens he sold while selling shitcoin frenzy on 7. March reportedly transferred 3.4 million BITE for About $9,250.

it’s not first Time Buterin gets rid of the coins. in May of 2021, selling his company Shiba Inu and Dogelon Mars (ELON)-off caused Value of These symbols decrease by 40% and 90%, respectively.

in post published on March 9th on a small subreddit, Buterin pointed out token Bite (BITE) and most other coins are discussed on r/Testingtesting62831 as “shitcoins”. He stated that these cryptocurrencies “have no redemptive cultural or moral value and will probably lose you even more.” of the money put them in.”

$BITE and most other coins are discussed on This forum is Shitcoins, has no redeeming cultural or moral value, and will probably miss you the most of the money put them in. I am against these projects to the fullest. From Testingtesting62831

that it also possible That Buterin’s letter was prompted by numerous publications supporting sting token on subreddit that started it in July 2020 and it’s still mild today. However, the post made has a purpose for Wave of phishing with other users of subreddit increase amount of They did shilling and generating memes.

Comment from IndividualLet6519’s discussion comment From the discussion “$BITE and most other coins under discussion on This forum is Shitcoins, has no redeeming cultural or moral value, and will probably miss you the most of the money put them in. I am against these projects to the fullest.”

Buterin A.A total of 250,000 bites Shortly after the tweet was posted, it was criticized for. the token It is not traded on Main price Website monitoring. However, blockchain records reveal that sales are hovering around $0.011 each token. This puts the value of 250,000 tokens were handed over to Buterin for approximately $2,750.

Meanwhile, there are several Twitter accounts claiming to be related with BITE coin and community I described Buterin’s signal as bullish and took advantage of the opportunity buy the token.

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