1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

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GoldenGlove said:
@TENET
This is what I meant by saying that if VB doesn't come out and denounce SHIB directly, the PR and attention generated from that donation will be flipped like this
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you also have articles like the following in trade journals. ready to be consumed by serious and institutional investors

"Vitalik’s Regift of Unsolicited DOGE Knockoffs :damn:Sends Memecoin Prices Plunging

The Ethereum creator has turned a memecoin marketing stunt on its head.

Vitalik Buterin has told dog-themed memecoin creators to bark up another tree :picard: .

In a move that captivated the attention of Crypto Twitter on Wednesday, the Ethereum founder regifted :whew: tokens sent to his public wallet by the creators of Shiba Inu coin (SHIB), dogelon (ELON), Akita Inu (AKITA), mwDOGE (mwDOGE) and OURSHIB (OSHIB), blockchain records show.

Notably, Buterin donated 50 trillion SHIB tokens (worth a nominal $1.2 billion at press time) to the India Covid Relief Fund kicked off by Polygon founder Sandeep Nailwal late last month. He also sent about $431 million of AKITA to Gitcoin, a public Ethereum-based fundraising platform, according to Etherscan.

Memecoin creators have been sending large amounts of their tokens to the Ethereum figurehead in recent days. CryptoSlate reported Monday Vitalik was sent trillions of SHIB tokens worth over $8 billion at one point.

The memecoin mania has caused Ethereum gas fees to surge to staggering highs, perhaps animating the network’s founder to strike back :huhldup: .

With a multibillion-dollar net worth, Buterin can afford to be generous with tokens sent to him permissionlessly.

SHIB is down roughly 38% since Buterin started unloading :mjcry: but still boasts a market cap of $9 billion, according to CoinMarketCap.

The coin has had more than $7 billion in volume in the last 24 hours."

Vitalik's Regift of Unsolicited DOGE Knockoffs Sends Memecoin Prices Plunging - CoinDesk
 
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NkrumahWasRight Is Wrong

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Numpsay said:
@GunRanger @TENET they have to sell the coins to have money for their efforts right? And they act responsibly just like Vitalik wasn't going to dump Shiba :troll: Acting "responsible" is relative anyway. But I have nothing more to say. :hubie: Have at it brehs.
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this is true. otherwise VB donated 0 rupees

the only positive to this would be if it caused India to be more favorable to crypto in general
 
GoldenGlove

GoldenGlove

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Numpsay said:
@GunRanger @TENET they have to sell the coins to have money for their efforts right? And they act responsibly just like Vitalik wasn't going to dump Shiba :troll: Acting "responsible" is relative anyway. But I have nothing more to say. :hubie: Have at it brehs.
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They lost quite a chunk of that 1B once word got out that VB "dumped" it. You think they're selling once it gets back to 1B in value?
:lupe:
 
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Hiphoplives4eva said:
A coli coin wound be a great idea.

I like $BREH
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$BREH for the BSC side
$COLI for the ERC side

ive been looking at guides to make one :mjgrin: its unlikely to happen

however it would definitely be a token :hubie: creating its own blockchain would be a pain in the ass
 
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