Ethereum co-founder Vitalik Buterin offloaded his whole holdings of Neiro tokens, a Shiba Inu themed memecoin. The transfer got here shortly after the Neiro mission crew airdropped 17.145 billion tokens to his Ethereum tackle, making him the momentary largest holder of the coin. This quantity represented about 4% of the overall provide of Neiro, valued at roughly $130,000 on the time of the switch.
Buterin Dumps Shiba Inu Themed Memecoin
In accordance with real-time transaction information from Lookonchain, Buterin transformed his holdings into Ethereum, netting 44.53 ETH, equal to roughly $112,500. The analytics supplier detailed the transaction on X, stating, “Vitalik Buterin offered all 17.15B Neiro for 44.53 ETH ($112.5K) 1 hour in the past. The Neiro crew transferred 17.15B Neiro (4.08% of the overall provide) to vitalik.eth after the launch.”
Subsequent to the sale, the Neiro mission crew addressed Buterin by way of an publish revealed on their X web page, requesting that he take into account donating a portion of the proceeds to charity. The message learn: “Hey Vitalik Buterin, we see that you simply offered your Neiro bag. Our humble ask is that you simply donate a part of the proceeds to a stray canine shelter. And thanks for constructing our playground!”
The Nairo crew highlighted that they themselves have donated $1,600 to the Chibawan stray canine shelter in Japan, which was the house of the memecoin’s Shiba Inu canine referred to as Neiro earlier than she was adopted by the proprietor of Kabosu.
For context, Neiro is a memecoin modeled after Kabosu, the real-life sister of the Shiba Inu canine made well-known by the Doge meme. Launched on the Ethereum blockchain, Neiro goals to capitalize on the cultural success of Dogecoin. The mission emphasizes its community-driven strategy and has actively engaged in charitable actions, together with donations to animal shelters.
Notably, the narrative surrounding the token airdrop and Buterin’s subsequent motion has been fraught with competition, significantly regarding media protection. A response from Neiro’s official account criticized a report by Cointelegraph, highlighting inaccuracies and alleging a scarcity of journalistic integrity.
The assertion refuted a number of factors made within the article, clarifying that the token distribution was not an organized promotional stunt however moderately a call by a developer earlier than the mission was community-driven.
“We didn’t ‘try to achieve credibility on Aug. 4, after airdropping 4% of its provide to the Ethereum co-founder to say he was the most important holder’. We didn’t airdrop something. These tokens had been airdropped by the dev who initially rugged earlier than the mission was taken over by the group. This was not a “PR stunt” meticulously organized by the group, it was pure happenstance,” the NEIRO crew remarked.
Moreover, they confused that Neiro is a community-funded mission with out ties to market manipulators or promotional entities, contrasting themselves with different initiatives that may use such techniques. They added: “We’re in actual fact, a group mission, with no ties to the unique dev who deserted it just some hours after its launch. That we’re solely funded by the group, and we make use of no market makers, bots, or “KOLs” to artificially pump the costs, in contrast to another Neiro tokens on the market – that is evident on-chain.”
At press time, NEIRO traded at $0.1246.
Featured picture from YouTube / ETH World, chart from TradingView.com
