Vitalik Buterin Triggers Shiba Inu (SHIB) Flashback with Latest Meme Coin Maneuver

Ethereum co-founder Vitalik Buterin has once again unsettled the meme coin market with a swift exit from two ￰0￱ latest sales have reignited memories of the 2021 Shiba Inu (SHIB) episode that reshaped the token’s ￰1￱ watched closely as on-chain data confirmed the transactions, sparking immediate price ￰2￱ move served as another reminder that Buterin rarely holds meme coins for ￰3￱ Offloads Puppies and ERC20 Tokens According to Onchain Lens , Buterin sold 150 billion Puppies tokens for 28.58 ETH, valued at about $114,000. He also liquidated 1 billion ERC20 tokens, converting them into $13,900 in ￰4￱ relatively small compared to Ethereum’s market scale, the sales carried symbolic weight.

On-chain analysts reported that the ERC20 token plunged by 70% soon after its transactions were confirmed. Puppies, which had recently gained traction, also faced heightened scrutiny as news spread across trading groups. Buterin’s wallet history has consistently shown a pattern of quick exits from meme coin ￰5￱ participants viewed this week’s actions as a repeat of that strategy, triggering immediate selling ￰6￱ holders, the signal was clear: meme tokens associated with Ethereum’s creator do not represent a long-term ￰7￱ Inu Parallel and Market Impact The most recent deal was compared to the high-profile involvement of Shiba Inu in 2021 by ￰8￱ this time, the developers of SHIB contacted him with billions of ￰9￱ donated a large part of it to the COVID-19 relief in India effectively reducing the supply of ￰10￱ action both came as a surprise to the community and, at the same time, generated a wave of interest that helped make SHIB one of the most well-known meme coins during that bull ￰11￱ same market dynamic was reflected in the sales this week, although they were on a smaller ￰12￱ quick response of traders strengthened the idea that the influence of Buterin is not only in ￰13￱ sale he makes has an overvalued effect due to his background with ￰14￱ the time of writing SHIB is trading at around $0.00001174, suggesting a 0.57% decline in the last 24 ￰15￱ Price