Bitrabo Editorial
Vitalik Buterin, the co-founder of Ethereum, recently divested all his holdings of Neiro tokens, a memecoin themed around the Shiba Inu. This move followed the Neiro project team’s distribution of 17.145 billion tokens to his Ethereum address through an airdrop, temporarily making him the largest holder of the coin. The value of the transferred tokens amounted to around $130,000, representing approximately 4% of Neiro’s total supply.
Buterin Converts Memecoin Holdings to Ethereum
Through real-time transaction data from Lookonchain, it was observed that Buterin converted his Neiro holdings into Ethereum, receiving 44.53 ETH, equivalent to about $112,500. According to insights shared on X, “Vitalik Buterin sold all 17.15B Neiro for 44.53 ETH ($112.5K) 1 hour ago. The Neiro team transferred 17.15B Neiro (4.08% of the total supply) to vitalik.eth after the launch.”
Following the sale, the Neiro project team made a public post on their X page, urging Buterin to consider donating a portion of the proceeds to a charitable cause. The message conveyed, “Hey Vitalik Buterin, we see that you sold your Neiro bag. Our humble ask is that you donate part of the proceeds to a stray dog shelter. And thank you for building our playground!”
It was highlighted that the Neiro team had already contributed $1,600 to a stray dog shelter in Japan, where Neiro, the Shiba Inu dog associated with the memecoin, was initially cared for before being adopted by Kabosu’s owner.
Neiro, inspired by Kabosu, the real-life counterpart to the Shiba Inu of Doge meme fame, is an Ethereum blockchain-based memecoin that seeks to leverage the popularity of Dogecoin. The project thrives on community involvement and endeavors to support charitable causes such as animal shelters.
Amidst the unfolding events surrounding the token airdrop and Buterin’s subsequent actions, there have been disputes, particularly regarding media coverage. A response from Neiro’s official account criticized a Cointelegraph report, pointing out inaccuracies and questioning the journalistic integrity displayed.
The statement clarified that the token distribution was not a premeditated promotional strategy but an initial decision made by a developer before community involvement took precedence.
The NEIRO team emphasized their independence as a community-driven initiative devoid of connections to market manipulators or promotional entities. They emphasized their commitment to transparency and community support as opposed to employing tactics like artificial price inflation through market makers, bots, or influencers.
As of the most recent data, NEIRO was trading at $0.1246.