"Vitalik sells coins" becomes a meme-driven engine for price increases, an article analyzing Vitalik's holdings and trading patterns

Author: Nan Zhi, Odaily Planet Daily

Is Vitalik's Coin Selling Again the Engine for Price Increases?

On August 5, Vitalik sold Nerio, which caused a temporary spike drop of 60% for Nerio, but it also became a key step for this token towards a market value of $700 million.

On October 5, Vitalik began selling Meme tokens on-chain again, including MOODENG, Neiro, KABOSU, and others. The name MOODENG was previously known for its Solana version token reaching a market cap of $300 million, while the highest market cap of MOODENG on ETH was only $10 million. However, after Vitalik's sale, the situation began to reverse, with the market cap soaring to $10 million within minutes and entering a steady upward trend.

Yesterday, Vitalik sold MOODENG again, exchanging it for 260.16 ETH (worth about $642,000) to donate to the charity Kanro. Shortly after, Vitalik posted:

"I am very grateful to those Meme coin projects that directly donate part of their token supply to charities. (For example, I saw Ebull donated a large amount of tokens to several groups last month.)

Any tokens sent to me will also be donated to charity (thanks to Moodeng, the 10 billion tokens received today will be donated to technologies for preventing airborne diseases), but I would prefer to donate tokens directly to charities, and perhaps even establish a DAO to allow the community to participate directly in decision-making and processes.

I have mentioned before that I believe the best outcome for Meme coins is that they can bring the greatest positive sum effect to the world, so it’s really great to see such things happen."

After this post, MOODENG and EBULL skyrocketed, with the former surpassing a market cap of $100 million and the latter exceeding $10 million.

Neiro and MOODENG remind people of the story of Vitalik selling Shib in 2021, and the community began promoting it as the "next Shib," with various on-chain Meme coins transferring tokens to Vitalik.

What Meme tokens does Vitalik currently hold, and is there a pattern to his operations? Odaily will answer this based on on-chain data.

Vitalik's Holdings Statistics

This section summarizes tokens held by Vitalik with a market value greater than $100,000 or those sold within the last 180 days, sorted in descending order of market value, as shown in the table below:

• Does Vitalik's selling lead to price increases? This has been true recently, especially after Neiro reinforced this concept, the "Vitalik selling effect" has become more pronounced, with ITO and KABOSU sold on October 5, where ITO saw a 222% increase within one hour after the sale, and KABOSU saw a 73.7% increase within one hour. However, the earlier JPPG directly dropped to zero after being sold.

• Is there a pattern to the tokens Vitalik chooses to sell? Based on data from the past year, there is at least no direct correlation with factors such as market value and liquidity. The tokens sold by Vitalik had a minimum market value of only a few tens of thousands of dollars (like RICHPEPE) and a maximum of millions of dollars (like Neiro, MOODENG, etc.), so theoretically, all tokens have the opportunity to win the "Vitalik selling effect."

• In terms of selling ratios, there has been no specific pattern in the past year, with some sold all at once (like JPPG) and others sold in small proportions (like 2.5% of MOODENG), but the total amount sold is usually a few dozen ETH at most. Therefore, the author believes that if one wants to "ambush" the concept of Vitalik selling, they should choose tokens with liquidity capable of absorbing his selling pressure, considering tokens with a holding ratio of about 5% - 20%.

• In addition to the above tokens, every hour, there are Meme tokens transferring to Vitalik's address, which are not listed in this article due to the small transfer amounts. Some have also seen a certain increase after the transfer, and readers can track and pay attention to them themselves.