Ethereum Founder Vitalik Buterin Nets Almost $700K After Dumping Altcoins


Published Mar 07, 2023 10:00AM ET

Ethereum Founder Vitalik Buterin Nets Almost $700K After Dumping Altcoins

  • Buterin sold SHIK, MOPS, CULT, and BITE tokens he got for free.
  • He sent almost half of the proceedings to an address labeled “EthDev.”
  • The Shikoku (SHIK) community had expected Buterin to burn the 500 trillion tokens they had sent him.
Ethereum founder Vitalik Buterin has once again made a profit from selling alternative tokens that he got for free.

On Tuesday, Buterin sold 500 trillion SHIK for 380 ETH ($600,000), 50 billion MOPS for 1.25 ETH ($2,000), 10 billion CULT for 58 ETH ($91,000), and 3.4 million BITE for 5.9 ETH ($9,250). Buterin then transferred the 214 ETH ($337,000) from dumping SHIK to an address labeled “EthDev.”

It’s no surprise that all of the sold tokens dropped significantly. However, it seems like the Shikoku community has been hit...

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