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Vitalik Buterin Sells 275 Trillion CAT Coins

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by Tenzin Dorje

2 days ago

In a surprising turn of events, Ethereum cofounder Vitalik Buterin has sold a staggering 275 trillion CAT coins, raising eyebrows in the crypto community. This transaction, valued at around $14,216 in USDC, has sparked discussions about the implications of such sales on the market. The source reports that this move could influence investor sentiment and market dynamics significantly.

Buterin's Quick Sale of CAT Coins

The sale took place just two days after Buterin received the CAT coins in his wallet, resulting in a 0.81% decline in the value of CAT following the transaction. This quick turnaround highlights Buterin's strategy of liquidating unsolicited memecoins, a practice he has engaged in previously.

Utilization of Multiblockchain Liquidity Aggregators

Typically, Buterin utilizes multiblockchain liquidity aggregators, such as

  • LiFi Diamond
to facilitate these sales. His actions not only impact the specific tokens involved but also serve as a reminder of the volatility and unpredictability inherent in the cryptocurrency market.

In light of Vitalik Buterin's recent sale of CAT coins, the cryptocurrency market continues to show volatility. Meanwhile, PEPE and Dogecoin are displaying contrasting trading patterns, prompting traders to analyze their potential for recovery. For more details, see further insights.

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