Ethereum (ETH) co-founder Vitalik Buterin frequently makes headlines with his altcoin transactions.
At this point, Buterin finally influenced the prices with his sales transactions. Accordingly, Buterin first sold the memecoin called LEDOG (DOG) for 5,204 ETH (worth about $18,900).
Buterin still has 8T DOG worth approximately $483,000.
The memecoin named DOG was sent to Vitalik Buterin by the team.
Buterin also sold a second memecoin called Estee (ESTEE). According to Arkham data, Buterin sold 50.54 billion ESTEE for 116,306 USDC.
After these sales transactions, the memeoins in question did not experience a decrease in price. On the contrary, after Buterin's transactions, the prices of ESTEE and DOG increased. According to the data, the price of ESTEE increased by over 200 percent, while DOG increased by over 50 percent.
Vitalik had previously sold memecoins like DOG that were sent to him as gifts and used them for charity.
*This is not investment advice.
