Ethereum co-founder Vitalik Buterin has again sold his stock of “dog coins”, which continues to flow into his wallet. A total of $ 1.8 million worth of crypto assets were sold.
Earlier, Buterin already asked the creators of various tokens to refrain from gifts to his wallet. In his opinion, it is better for developers to send tokens to charity immediately. Despite this, coins continue to flow to Buterin’s wallet. Therefore, he sold tokens for several dog projects such as Aidi Inu, Small Doge, Jejudoge, Baby Shiba, Kishu Inu, and HuskyToken.
The Ethereum co-founder used the Uniswap decentralized exchange to sell crypto assets. Before the sale, the total cost of tokens was $ 4.3 million, but due to a lack of liquidity, their rates dropped significantly, so Buterin received only $ 1.8 million. Baby Shiba’s crypto asset fell the most – its rate collapsed immediately by 73%.
Part of the proceeds Buterin spent on the purchase and destruction of the UBI token. He bought 8% of UBI’s current $ 200,000 supply and burned it. The UBI token belongs to the Proof of Humanity project aimed at providing “unconditional income” to every person who has verified their identity.
Note that after the success of Dogecoin and Shiba Inu, a boom of “dog coins” began on the market. The creators of such projects send tokens to Buterin in the hope of drawing attention to the crypto asset. As a reminder, Buterin invested in Dogecoin back in 2016. He bought $ 25,000 worth of DOGE coins, and subsequently made over $ 4 million in profits.
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