{"id":45931,"date":"2023-03-10T11:11:34","date_gmt":"2023-03-10T11:11:34","guid":{"rendered":"https:\/\/egrowonline.com\/?p=45931"},"modified":"2023-03-10T11:11:34","modified_gmt":"2023-03-10T11:11:34","slug":"i-anti-endorse-these-projects-buterins-shitcoin-war-sees-him-sent-another-250k","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=45931","title":{"rendered":"\u2018I anti-endorse these projects\u2019 \u2014 Buterin\u2019s shitcoin war sees him sent another 250K"},"content":{"rendered":"


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Ethereum co-founder Vitalik Buterin\u2019s latest salvo against \u201cshitcoins\u201d has ended up with him simply being sent more of it.<\/p>\n

Only days ago, the Ethereum developer made moves to sell over $700,000 of tokens previously airdropped to him, causing the price of these tokens to fall.\u00a0<\/p>\n

Buterin has since continued his war on apparent \u201cshitcoins.\u201d In a March 9 post<\/a> on a small subreddit, Buterin labeled crypto token Bite (BITE) and most of the other coins discussed on the r\/Testingtesting62831 subreddit as \u201cshitcoins\u201d that have \u201cno redeeming cultural or moral value, and will probably lose you most of the money you put into them.\u201d<\/p>\n

\u201cI anti-endorse these projects to the greatest extent.\u201d<\/p><\/blockquote>\n

Vitalik Buterin’s full post on the Testingtesting62831 subreddit. Source: Reddit<\/em><\/figcaption><\/figure>\n

BITE was one of the tokens Buterin sold in his shitcoin selling spree on March 7, selling 3.4 million BITE for around $9,250, according<\/a> to PeckShield.\u00a0<\/p>\n

Buterin\u2019s post was also likely prompted by the huge number of posts pushing the BITE token on the subreddit, which he created back in July 2020 and still moderates.<\/p>\n

The post set him up for a wave of trolling, however, with other members of the subreddit doubling down on their shilling and creating a number of memes.<\/p>\n

One of the posts purportedly trolling the Ethereum co-founder. Source: Reddit<\/a><\/figcaption><\/figure>\n

Buterin was even sent 250,000 BITE soon after making the post. The token doesn’t appear to be listed on many mainstream crypto price tracking sites, but blockchain records show sales<\/a> hover around $0.011 per token, making the 250,000 sent to Buterin worth approximately $2,750.<\/p>\n

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A screenshot of transactions associated with one of Buterin\u2019s wallets. Source: <\/em>Etherscan<\/em><\/figcaption><\/figure>\n

Meanwhile, several Twitter accounts claiming to be affiliated<\/a> with the BITE token and its community have called the mention by Buterin \u201cBULLISH.\u201d<\/p>\n

Related: <\/em><\/strong>Vitalik Buterin’s philanthropic fund donates 15M USDC to UC San Diego<\/em><\/strong><\/a><\/p>\n

The Ethereum co-founder had gone on a shitcoin selling spree just two days prior, offloading some $700,000 worth of tokens<\/a> that were airdropped to him and exchanging them for Ether (ETH<\/a>).<\/p>\n

Buterin initiated a similar offload<\/a> in May 2021, selling tokens such as Shiba Inu (SHIB<\/a>) and Dogelon Mars (ELON), causing their prices to tank by 40% and 90%, respectively.<\/p>\n<\/div>\n


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Ethereum co-founder Vitalik Buterin\u2019s latest salvo against \u201cshitcoins\u201d has ended up with him simply being sent more of it. Only days ago, the Ethereum developer made moves to sell over $700,000 of tokens previously airdropped to him, causing the price of these tokens to fall.\u00a0 Buterin has since continued his war on apparent \u201cshitcoins.\u201d In […]<\/p>\n","protected":false},"author":1,"featured_media":45932,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[6466,14434,3604,1461,1709,10693,4017],"class_list":["post-45931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-250k","tag-antiendorse","tag-buterins","tag-projects","tag-sees","tag-shitcoin","tag-war"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2023\/03\/1e122478-1a79-411a-8a10-9f621f720e9f.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/45931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45931"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/45931\/revisions"}],"predecessor-version":[{"id":45933,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/45931\/revisions\/45933"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/45932"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45931"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}