Ethereum co-founder Vitalik Buterin offloaded 17 billion Neiro tokens, which were airdropped to him by the project’s developers. Despite a 60% plunge, the meme coin not only recovered its losses but also reached its ATH.
Buterin’s wallet received 4% of NEIRO’s supply, valued at $130,000. Without prior notice, he became 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, approximately $103,000 at the time.
In response, the project team urged 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
CoinGecko lists four different NEIRO tokens, Uniswap has at least six variants, and X features even more potentially fraudulent accounts associated with Neiro, according to Cointelegraph. On July 29, a Solana-based version developer profited $2.85 million from a rug pull, the publication noted.
In other news, lending platform Aave earned $6 million in a single day from liquidations due to the cryptocurrency market downturn.
ForkLog discussed with experts the reasons behind the dump and explored the conditions under which major coins might begin to recover. Read the details in the article.