- Vitalik sold meme coins worth over $260,000 that were unsolicitedly sent to his wallet.
- After the asteroid OG was sold, its price surged 120%, reversing previous market reactions.
- This model continues, with proceeds typically donated to charitable organizations.
Vitalik Buterin just sold another batch of meme coins he never asked for, and somehow, the market interpreted this as a bullish signal. On April 29, he sold approximately 40 million meme tokens.ASTEROID OG He sold the tokens for around $114,600, as part of a broader trend of clearing tokens that were sent to his wallet without permission.
And the classic meme coins, although influenced by fashion trends, did not see a decline in token price; instead, they surged dramatically, rising over 120% immediately after launch.
The same pattern, over and over again
This is not new. For years, various projects have been sending tokens to Buterin, hoping that just this association will attract attention or even gain recognition.
But his response has always been the same: he sells them. No endorsements, no hype—just a complete liquidation, often donating the proceeds to charity.
When selling turns bullish
What has changed is the market's reaction. In the past, when Buterin sold or transferred tokens, prices often dropped sharply. Shiba Inu, for example, remains one of the most well-known cases.
However, the situation now seems to be the opposite. His involvement, even if only in the form of selling, can attract attention, and in the memecoin market, attention often directly translates into price volatility—even if this logic isn't entirely sound.
The marketing strategy behind it
Sending tokens to a celebrity's wallet is essentially a marketing tactic disguised as generosity. The idea is simple: if a celebrity holds a token, people may assume it’s significant.
Buterin has clearly stated that he does not believe so, and every time he sells shares, it reinforces his position.
Where did all the money go?
People often overlook what happens after a token sale. Buterin has consistently donated proceeds from token sales to various charitable causes, including research and humanitarian aid.
Therefore, although this cycle may appear chaotic from a market perspective, it will at least produce some tangible effects.
A loop that may never stop
Despite Buterin repeatedly asking project teams to stop sending him tokens, they continue to do so. The exposure is simply too tempting, especially in a market driven by narratives and attention.
Currently, this creates a cycle: tokens are sent, Vitalik sells, prices experience unpredictable fluctuations, and the proceeds flow elsewhere. Regardless of the outcome, this cycle appears unlikely to end in the short term.