Vitalik Buterin Dumps Neiro, Meme Coins Actually Pump!

Bittime - Ethereum Co-Founder, Vitalik Buterin dumps Neiro (NEIRO). Uniquely, after Buterin released his ownership, the price of this coin actually skyrocketed. This story reminds us of the journey of Shiba Inu which once became a sensation in the crypto world.

When big investors were panic selling shares of giants such as Apple and Nvidia, Buterin chose to release a new meme coin called Neiro. This coin has just been distributed for free to the founder of Ethereum by its developers.

Neiro (NEIRO) Market Cap

Neiro, which now has a market capitalization of IDR 3.6 trillion (around $229.6 million), even has a special page on Forbes Digital Assets. The well-known business media called Neiro "the brother of $DOGE, Kabosu, who is ready to make history on the Ethereum network."

To attract attention, the Neiro developers gave Buterin a gift of 17.145 billion free coins. This amount was equivalent to 4% of the total coin supply and was worth around IDR 2.1 billion ($130,000) at the time.

"We are the people's $Neiro, on the people's network, Ethereum," wrote the development team on the X platform (formerly Twitter) last Saturday. 

"And interesting fact, Vitalik Buterin is our largest coin holder at the moment (4% of supply, worth around IDR 2.1 billion currently)."

However, a surprise came when Buterin sold all his Neiro coin holdings. However, instead of falling, the price of this coin actually rose 10% in less than 24 hours. It seems that Buterin's big name is actually the catalyst for Neiro's price increase.

Neiro Developer Gives Open Letter to Buterin

The Neiro development team did not remain silent watching Buterin's actions. They immediately sent an open letter to the founder of Ethereum, asking that a portion of the proceeds from coin sales be donated to a stray dog ​​shelter.

"We humbly ask you to donate a portion of the proceeds to a stray dog ​​shelter," Neiro's team wrote.

I don't know, maybe they were joking about the Bonk dog meme coin which was popular some time ago.

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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.