Vitalik Buterin Sells Meme Coins, Mints DAI on Ethereum

Vitalik Buterin sold meme coins for 71.69 ETH and minted 315,382 DAI on March 18, 2025, according to OnchainLens.

Vitalik Buterin's transactions influence the crypto market due to his Ethereum leadership, prompting varied market reactions.

Buterin Mints 315,382 DAI Amid Meme Coin Sale

Vitalik Buterin, co-founder of Ethereum, executed significant transactions by minting 315,382 DAI and selling meme coins including SHIB and AWESOME for 71.69 ETH, highlighted by OnchainLens monitoring. The action continues a trend where Buterin disposes of unsolicited token airdrops. This move has garnered attention, reflecting the speculative nature of meme coins and Buterin's market influence. In response, Dohrnii Labs expressed interest in purchasing Buterin's DHN via OTC deals to mitigate market impact, conveying concerns over potential sell-offs. Crypto analysts observe Buterin's broader engagements, signaling interest in lesser-known tokens, which affects market dynamics and investor sentiment.

"These ongoing trades allow me to experiment with liquidity while also influencing the markets." — Vitalik Buterin, Co-founder of Ethereum

Expert Insights on Buterin’s Market Influence

Did you know? Vitalik Buterin's token actions often stir markets significantly, demonstrating his ability to influence price trends through sales or donations.

Ethereum is currently trading at $1,907.56, experiencing a fluctuation between $1,900.00 and $1,920.00. Analysts suggest that this trend aligns with previous market movements, reinforcing historical price patterns.

Experts suggest that Buterin's transactions indicate potential price volatility in meme coins and tokens. His wallet management hints at broader participation in the crypto ecosystem, potentially guiding investor strategies. Despite the fluctuations, Ethereum's price remained stable post-transactions.