Ethereum ($ETH) co-founder Vitalik Buterin frequently makes headlines with his altcoin transactions.
At this point, Buterin finally influenced the prices with his sales transactions. Accordingly, Buterin first sold the memecoin called LEDOG ($DOG) for 5,204 $ETH (worth about $18,900).
Buterin still has 8T $DOG worth approximately $483,000.
The memecoin named $DOG was sent to Vitalik Buterin by the team.
Buterin also sold a second memecoin called Estee (ESTEE). According to Arkham data, Buterin sold 50.54 billion ESTEE for 116,306 USDC.
After these sales transactions, the memeoins in question did not experience a decrease in price. On the contrary, after Buterin's transactions, the prices of ESTEE and $DOG increased. According to the data, the price of ESTEE increased by over 200 percent, while $DOG increased by over 50 percent.
Vitalik had previously sold memecoins like $DOG that were sent to him as gifts and used them for charity.
*This is not investment advice.