Vitalik sells coins becomes the engine of Meme growth, an article analyzes Vitaliks holdings and operation rules

Original | Odaily Planet Daily ( @OdailyChina )

Author｜Nan Zhi ( @Assassin_Malvo )

Will Vitaliks selling of coins become the engine of price increase again?

On August 5, Vitalik sold Nerio , which caused Nerio to drop by 60% in a short period of time, but it also became a key step for this token to reach a market value of US$700 million.

On October 5, Vitalik started selling Meme tokens on the chain again , including MOODENG, Neiro, KABOSU and other tokens. The name MOODENG was previously known because the Solana version of the token rose to $300 million, while the highest market value of MOODENG on ETH was only $10 million. But after Vitalik sold it, the situation began to reverse, and the market value surged to $10 million within minutes, and started a steady rise.

Yesterday, Vitalik sold MOODENG again and exchanged it for 260.16 ETH (worth about $642,000) and transferred it to the charity Kanro. Shortly afterwards, Vitalik posted:

“I’m very grateful to the Meme Coin projects that are donating a portion of their token supply directly to charity. (For example, I saw that Ebull donated a large number of tokens to multiple groups last month.)

Any tokens sent to me will also be donated to charity (thanks to Moodeng, the 10 billion tokens received today will be donated to airborne disease prevention technology), but I would prefer to donate the tokens directly to charity, and perhaps set up a DAO to allow the community to directly participate in the decision-making and process.

I’ve mentioned before that I think the best outcome for MemeCoin is that they have the biggest positive-sum effect on the world, so it’s really cool to see something like this happening.”

After the article was released, MOODENG and EBULL soared, with the former breaking through a market value of US$100 million and the latter breaking through a market value of US$10 million.

Neiro and MOODENG remind people of the story of Vitalik selling Shib in 2021. The community also began to promote it with the gimmick of the next Shib, and Meme coins on the chain were transferred to Vitalik one after another.

What Meme tokens does Vitalik currently hold? Is there any trace of his operations? Odaily will answer based on on-chain data.

Vitaliks holdings

This section summarizes the tokens that Vitalik holds with a market value greater than $100,000 or have been sold within 180 days . The data is shown in the following table in descending order of market value:

• Will Vitalik sell and the price will rise? In the near term, it is true , especially after Neiro strengthened this concept, the Vitalik selling effect has become more and more significant. ITO and KABOSU were sold on October 5. ITO rose 222% in one hour after being sold, and KABOSU rose 73.7% in one hour. But the earlier JPPG went straight to zero after the market crash.

• Is there a pattern in the tokens Vitalik chooses to sell? According to the data of the past year, at least there is no direct correlation with factors such as market value and liquidity . The tokens sold by Vitalik have a market value of only tens of thousands of dollars (such as RICHPEPE) and a market value of millions of dollars (such as Neiro, MOODENG, etc.). Therefore, all tokens have the opportunity to win the Vitalik selling effect in theory.

• There is no specific pattern in the sales ratio in the past year . Some sell all at once (such as JPPG), and some sell only a small proportion of 2.5% (such as MOODENG), but the total sales amount is usually at most dozens of ETH . Therefore, the author believes that if you want to ambush Vitaliks selling concept, you should choose a token with liquidity that can bear his market-smashing power, that is, consider holding tokens with a holding ratio of about 5%-20%.

• In addition to the above tokens, Meme tokens are transferred to Vitalik’s address every hour. Since the amount of transfers is too small, they are not listed in this article. Some of them also show a certain increase after the transfer. Readers can count and pay attention to them by themselves.