Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin is unloading his stash of ‘free sh*tcoins,’ according to on-chain data.
What Happened: Data from Lookonchain, an on-chain analytics platform, indicates that Buterin sold three sh*tcoins — MOPS (CRYPTO: MOPS), CULT (CRYPTO: CULT) and SHIK (CRYPT: SHIK).
Buterin gained 429.25 ETH, worth $691,000, by selling 50 billion MOPS, 10 billion CULT and 500 trillion SHIK.
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vitalik.eth (@VitalikButerin) is selling his free shitcoins.
Currently sold 50B $MOPS for 1.25 $ETH($2K), sold 10B $CULT for 58 $ETH($91K), sold 500T $SHIK for 380 $ETH($600K).https://t.co/SboWZsO8WY pic.twitter.com/xNaRTeVM7K
— Lookonchain (@lookonchain) March 7, 2023
In the last 24 hours, SHIK saw a 52% decline, MOPS surged 178%, and CULT dropped by 7%.
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Photo by John Phillips via Wikimedia
