Vitalik’s Altcoin Dump Sends Crypto Community Into Frenzy

• Ethereum co-founder Vitalik Buterin recently sold over $700,000 worth of Mops, Cult and Shik tokens.
• After the sell-off, Twitter users reacted with memes and criticism.
• The tokens experienced a natural price crash, except for Mops which surged by over 85%.

Vitalik Buterin’s Token Sell-Off

Ethereum co-founder Vitalik Buterin recently sold more than $700,000 worth of various altcoins such as Mops, Cult and Shik. The move sparked speculation in the cryptocurrency community and some have speculated that it was due to the bear market situation or to avoid these tokens counting as income on his tax sheet.

Twitter Reactions

Following the transactions, Twitter users had plenty to say about Buterin’s token dump spree. Many tweeted jokes about sending him free coins so he can dump them on the open market and others thought it was dumb people were making a big deal when he never asked for the Tokens to begin with.

Price Crash

The prices of all three tokens dropped significantly following their sale from Vitalik: Cult saw a decrease of over 8%, Shik nearly 70%, and BITE over 6%. However, strangely enough, Mops‘ price actually increased by over 85%.


The crypto markets are volatile and unpredictable and anything can happen at any given time. While Vitalik’s decision to sell off his holdings of certain tokens has caused quite a stir on social media platforms like Twitter, ultimately only time will tell what impact (if any) this move will have on the prices of these cryptocurrencies going forward.