Vitalik Buterin has once again sold off memecoins he received, causing reactions in the market.
The sale of just 4.4 ETH led to a spike in Ethereum's trading volume, sparking speculation about potential impacts on DOG's price.
Market analysts advise against assuming a collapse, suggesting that community handling of liquidity and confidence will determine the future of the memecoin.
Buterin's frequent liquidation of unsolicited tokens maintains expectations of philanthropic use, highlighting the influence a single wallet can have in the crypto space.