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Vitalik Buterin earned $103,000 on the NEIRO memcoin dump

Forklog / 05.08.2024 / 14:18
Vitalik Buterin earned $103,000 on the NEIRO memcoin dump

Ethereum co-founder Vitalik Buterin got rid of 17 billion Neiro, which was transferred to him by the project developers as part of the airdrop. This did not prevent the memcoin exchange rate from not only recovering losses after a 60% failure, but also reaching ATH.

Data: DEX Screener.

The wallet of the Ethereum co-founder received 4% of the NEIRO issue ($130,000). Without prior notice, Buterin turned out to be the largest holder of the asset.

We are the people's $Neiro, on the people's chain, @ethereum.

And a little fun fact: @VitalikButerin is currently our largest holder. (4% of supply, ~$130k value as of the time of this post)

— Neiro on Ethereum (CTO) (@neiroethcto) August 3, 2024

The Ethereum co-founder sold 17.1 billion NEIRO for 44.5 ETH (~$103,000 at that time).

Data: Etherscan.

In response, the project team called on Buterin to donate part of the proceeds to a shelter for stray dogs.

Hey @VitalikButerin, we see that you sold your $Neiro bag.

Our humble ask is that you donate part of the proceeds to a stray dog shelter.

And thank you for building our playground!

— Neiro on Ethereum (CTO) (@neiroethcto) August 5, 2024

There are four different NEIRO tokens registered on CoinGecko, at least six variants on Uniswap, and even more potentially fraudulent Neiro—related accounts on X, according to Cointelegraph. On July 29, the developer of the Solana-based version made a profit of $2.85 million as a result of the rug pull, the publication recalled.

https://forklog.com/cryptorium/kak-raspoznat-rug-pull-priznaki-i-mery-predostorozhnosti

Recall that the Aave landing platform earned $6 million in liquidations per day due to the fall of the crypto market.

ForkLog discussed with experts the reasons for the dump and found out the conditions under which the main coins will begin to recover the price. Read the details in the article.  

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