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- 🔥 Gate Post Ambassador Exclusive Posting Reward Task Is On!
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- Gate Brand Strategy Major Upgrade
Launching our global domain Gate.com, alongside a brand-new logo!
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3. Global Compliance: One of the few crypto platforms legally operating across multiple regions.
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- 🔵 #Altcoin Season Index Hits 24#
CoinMarketCap data shows the altcoin season index has climbed to 24, up 2 points from yesterday. Among the top 100 projects by market cap, about 24 have outperformed BTC over the past 90 days. Do you think the altcoin season is true here? Which sectors do you expect to lead the charge? Share your predictions!
🔵 #Saylor Hints at More BTC Buying#
Michael Saylor, founder of Strategy, recently released new Bitcoin Tracker updates. Historically, Strategy tends to disclose BTC accumulation the day after such announcements.
What’s your take—will they increase thei - 🔵 #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
🔵 #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Let’s hear your thoughts! - 🍕 Bitcoin Pizza Day is Almost Here!
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May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
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Vitalik Buterin Offloads Meme Coins for 71.69 ETH Amid Market Shift
Vitalik Buterin sold multiple meme coins, earning 71.69 ETH, estimated to be $136,684 based on current market valuation
The Ethereum co-founder also minted 315,382 DAI, reflecting increased activity in decentralized finance and stablecoin ecosystems
DHN’s value dropped 50% following Buterin’s sale before recovering, showing his significant influence on meme coin market movements
Ethereum co-founder Vitalik Buterin recently converted several meme coins into ETH, gaining a total of 71.69 ETH, which equals $136,684 at the time of reporting. On-chain data shows the transactions were made over a series of trades involving various meme assets.
These included a sale of 146.18 billion FML tokens for 2.51 ETH and 180.88 billion SHIB for 0.987 ETH.
Buterin expanded his ETH stake through selling 7.17 billion VB tokens which received 1.57 ETH alongside the exchange of 366.47 million AWESOME tokens that netted 1.44 ETH. Buterin obtained his largest ETH balance increase by selling 5,000 DHN tokens that generated 65.19 ETH.
Buterin's involvement with assets outside Ethereum protocol became more evident through his ongoing Ether accumulation obtained through different transactions.
DAI Minting Reflects Broader Activity
Besides selling meme coins, Buterin also minted 315,382 DAI tokens. This move suggests a growing interaction with the decentralized finance ecosystem. Analysts view this as a sign that Buterin is expanding his on-chain activities and exploring utility across various crypto platforms. His DAI minting may also reflect ongoing strategies to diversify his digital holdings.
Consequently, Buterin’s sale of DHN had a sharp impact on the token’s value. Its price fell from $39 to $20 shortly after the transaction. However, the token later rebounded to $42.5, surpassing its earlier valuation. Data from TradingView confirmed the price recovery, showing that investor confidence returned shortly after the initial dip.
Market Engagement Draws Attention
Significantly, these transactions reaffirm Buterin’s continued involvement in the broader crypto market beyond Ethereum development. Many of the meme coins involved were sent to his wallet as unsolicited donations from their creators.
However, his actions in liquidating these assets show a practical approach to managing holdings and engaging with liquidity in real time.