Vitalik's Address Allegedly Initiates Programmed Sell-off of "Meme Coin," Continuously Dumping Within Minutes

BlockBeats News, April 30th, Arkham on-chain data shows that Vitalik Buterin's address (0xAb5...) is actively selling various Meme tokens at a high frequency, with transaction rates reaching several per minute. The fund flow indicates that there is a continuous inflow of ETH at the same time.

The market widely speculates that he is using automated scripts to mass liquidate the wallet's airdropped meme tokens. The transaction amounts generally fall in the range of tens to hundreds of dollars. This is not the first time such operations have been conducted. In 2021, Vitalik sold or donated all the meme coins (including SHIB, etc.) airdropped to his address by the crypto community, causing a significant market turmoil.

Currently, it is unclear whether this operation was manually initiated or entirely carried out by an automated program. Given Vitalik's address's market influence, holders of related Meme tokens should be aware of potential selling pressure risks.