Vitalik Buterin Rakes In Nearly $700K Ethereum After Selling Stash Of 'Free Sh*tcoins'

Ethereum ETH/USD co-founder Vitalik Buterin is unloading his stash of ‘free sh*tcoins,’ according to on-chain data.

What Happened: Data from Lookonchain, an on-chain analytics platform, indicates that Buterin sold three sh*tcoins — MOPS MOPS/USD, CULT CULT/USD and SHIK SHIK. 

Buterin gained 429.25 ETH, worth $691,000, by selling 50 billion MOPS, 10 billion CULT and 500 trillion SHIK.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

Get Started

Trade Bitcoin, Ethereum, and More Instantly — No Wallets, No Hassle

Speculate on price movements, claim up to $200 in bonuses, and start with risk-free paper trading with crypto futures on Plus500.

Get Started

Disclosure: 82% of retail CFD accounts lose money

In the last 24 hours, SHIK saw a 52% decline, MOPS surged 178%, and CULT dropped by 7%. 

Read More: Bitcoin, Ethereum, Dogecoin Rise As Silvergate Fears Ebb: Analyst Says Apex Crypto Will 'Peak' Unless Fed's Powell Pulls A Surprise

Photo by John Phillips via Wikimedia