Ethereum $3,682‘s co-founder, Vitalik Buterin, has recently sold off dog-themed meme coins such as ESTEE and LDOG. These sales occurred after ESTEE experienced a significant increase of 440% in value within the day.
Impact of ESTEE Sales on the Market
According to data from the blockchain analytics platform Nansen, Buterin sold 50.54 billion ESTEE meme coins, generating 116,306 USDC. The sale took place via a known address.
Inspired by Shiba Inu, ESTEE is a meme coin that has also seen strong trading volume activity with another meme coin named VICKY. Although there was a temporary drop in ESTEE’s price post-sale, it quickly rebounded, resulting in a daily gain exceeding 200%.
Buterin’s General Meme Coin Strategy
In addition to ESTEE, Buterin sold LDOG and DINU Coins within the last 24 hours, earning approximately 5.2 ETH from LDOG and 4,181 USDC from DINU. These transactions have sparked discussions within the