$MOODENG Faces Decline After Vitalik Buterin’s Airdrop And Sell-Off
The post $MOODENG Faces Decline After Vitalik Buterin’s Airdrop And Sell-Off appeared on BitcoinEthereumNews.com.
$MOODENG, once the biggest winner of Vitalik Buterin’s recent memecoin airdrop, is now grappling with a steep decline in value, following a wave of sales from the Ethereum co-founder. On October 7, Buterin expressed gratitude in a tweet for receiving donations of various memecoins. Specifically, he mentioned Hippo, an Ethereum-based token, which saw its price skyrocket by 101% following his tweet, drawing attention to the coin. However, the hype was short-lived. Over the past eight days, Buterin has sold off a significant portion of his $MOODENG holdings, causing the price to plummet. The token has dropped 72% from its peak of $0.0002714 to its current value of $0.00007614, leaving many investors concerned about its future stability. 近期 V 神空投最大受益者 $MOODENG 似乎正在遭受反噬🥹 10.07 V 神发推感谢捐赠 Memecoin，特别指出了以太坊网络的河马🦛 使其币价暴涨 101%，一时出尽风头 然而，随着 V 神过去 8 天的持续抛售，币价有些绷不住了：距离最高点已下跌 72%($0.0002714 > $0.00007614)📉😨 https://t.co/RqoT3Ws1tT pic.twitter.com/FqH0EkwVhD — Ai 姨 (@ai_9684xtpa) October 14, 2024 Buterin Sold Off 31.7 Billion $MOODENG But Still Holds Notable Amount The situation began on September 15 when the token’s deployer sent Buterin 61.7 billion $MOODENG, representing 14.68% of the total supply. Between October 5 and October 13, Buterin offloaded 31.7 billion tokens, amassing 731 ETH in the process. Despite these sales, he still holds 30 billion tokens, worth approximately $2.4 million. 数据详情👇 🔸 09.15 部署者向 Vitalik 空投 617 亿枚代币，占代币总量的 14.68%🔹 10.05 – 10.13，Vitalik 累计抛售 317 亿枚代币，价值 731 ETH 目前 V 神仍持有 300 亿枚 $MOODENG，约 240 万美金，有概率出于慈善捐赠全部卖出（毕竟不是没有先例hh） 河马当前市值 3140 万美金，流动性仅有 110… pic.twitter.com/873Nfuz7hA — Ai 姨 (@ai_9684xtpa) October 14, 2024 Given Buterin’s track record of donating proceeds from memecoin sales to charity, there’s speculation that he may continue selling off the remaining $MOODENG tokens. If he does, it could further strain the already volatile market. With Hippo’s current market cap sitting at $31.4 million and liquidity of just $1.1 million, continued sell-offs from Buterin would likely have…
Filed under: News - @ October 15, 2024 6:25 am