As Wall Streeters feverishly pounced on Apple and Nvidia shares, Buterin’s version of the panic was launching a new meme token called Neiro that developers recently released to the Ethereum founder.
Vitalik Buterin sells Meme coin, token bombs
With a market cap of $223 million on Tuesday, Neiro Ethereum already has a coin page on Forbes Digital Assets. Trade news outlet tradfi describes the coin as follows:
OG $DOGE’s sister Kabosu here to make history on the Ethereum chain! Neiro is a decentralized meme token on the ETH blockchain.”
To promote the new doge-themed Ethereum meme coin, the developers released 17.145 billion Neiro to the platform’s founder, just like the Shiba Inu developers did in 2021. This constituted 4% of the token’s supply and was it traded at the time for about $130,000.
“We are the people’s $Neiro, on the people’s chain, Ethereum,” read a post from the team on Saturday X. “And a little fun: Vitalik Buterin is currently our largest holder. (4% of offer, worth approximately $130,000 at the time of this publication).
We are from the village $ Neroon the popular chain, @ethereum.
And a little fun fact: @VitalikButerin is currently our biggest holder. (4% of supply, worth approximately $130,000 as of the time of this publication)
— Neiro at Ethereum (CTO) (@neiroethcto) August 3, 2024
Buterin went ahead and sold all the chips (what meme coin is he buying instead?), but the resentment didn’t hurt Neiro. In fact, it may have helped. The dog-themed meme coin flipped and surged 10% in less than 24 hours.
Neiro’s team asks the founder of Ethereum to support the dog shelter
Neiro’s team was clearly not asleep at the wheel.
Within moments of Buterin’s sale, Neiro’s X page published an open letter to the Ethereum founder asking him to donate some of the proceeds of the sale to a stray dog shelter.
“Our humble request is that you donate a portion of the proceeds to a stray dog shelter,” the team wrote.
They probably didn’t mean Bonk.
hey @VitalikButerinwe see you have sold yours $ Nero bag
Our humble request is that you donate part of the proceeds to a stray dog shelter.
And thanks for building our playground!
— Neiro at Ethereum (CTO) (@neiroethcto) August 5, 2024
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