The co-founder of Ethereum (ETH), Vitalik Buterin, has sold a cluster of dog coins that he had once again received without consent, raking in over USD 1m in the process.
Etherscan transactions reveal that dog coins constitute the majority of the dumped tokens. Among them, Buterin has sold approximately 200trn of shih tzu (SHIH) tokens, around 180trn of dogey-inu (DINU) tokens, around 224trn of kishu inu (KISHU) tokens, around 373trn of baby shiba (BHIBA) tokens, and trillions of other dog coins.
The majority of these coins have steeply lost value following the sell-off. For instance, BHIBA is down by over 70% in the last 24 hours, while SHIH has plunged by more than 50%. Other dog coins are down at least by 10% in a day.
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