Vitalik Buterin, the founder of Ethereum, has recently been actively divesting himself of various meme coins, particularly dog-themed tokens such as ESTEE and LDOG. Among these, ESTEE experienced a significant price surge, spiking 440% from its intraday low due to frenzied investor purchasing.
This massive rally prompted Buterin to offload a whopping 50 billion ESTEE, seizing the price surge as an exit opportunity. The trend of meme coin dumping by Buterin appears to be a recurring strategy, as seen once again with his latest actions involving ESTEE. The market reaction further emphasizes the volatility and speculative interest surrounding meme coins.
