Following Vitalik Buterin’s token sell-off, Neiro fell by 60%

Neiro’s meme coins, which were bought by the Japanese family after the death of the dog named Kabosu, who gave Dogecoin its name, continue to attract the attention of the crypto world. Finally, Vitalik Buterin sold 17 billion tokens sent to him and gave the project a cold shower. The token price fell 60% after Buterin’s sale and rallied 200%.

Following Vitalik Buterin’s token sell-off, Neiro fell by 60%

While 2024 was almost the year of meme coins the Neiro token, which was released in July, did not attract Vitalik Buterin’s interest. Buterin sold 17 billion Neiro tokens sent to him. As it is known, projects can make such “airdrops” to Buterin’s wallet from time to time to advertise and publicise their names.

He sold all of them

Buterin sold all of these Neiro tokens sent to him tonight. Buterin obtained 44.4 ETH from these tokens, which corresponds to 4% of Neiro’s total supply.

First fell, then skyrocketed

The fact that Buterin was seen selling these tokens also brought a serious drop in price. While the token price fell more than 60 per cent, it then rose a staggering 200%.

The project team also stated in a statement that their aim was never to advertise through Buterin. The team, however, asked Buterin to ‘politely’ donate a portion of the sale to shelters established to help injured dogs.

The Japanese family who owned the dog named Kabosu, who gave Dogecoin its name, later bought a new dog and announced that they named him Neiro. Following this announcement, many meme coins were issued on both Ethereum and Solana blockchains on behalf of Neiro.

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