Ethereum co-founder Vitalik Buterin’s latest salvo against “shitcoins” has ended up with him simply being sent more of it.
Only days ago, the Ethereum developer made moves to sell over $700,000 of tokens previously airdropped to him, causing the price of these tokens to fall.
Buterin has since continued his war on apparent “shitcoins.” In a Mar. 9 post on a small subreddit, Buterin labeled crypto token Bite (BITE) and most of the other coins discussed on the r/Testingtesting62831 subreddit were “shitcoins” which have “no redeeming cultural or moral value, and will probably lose you most of the money you put into them.”
BITE was one of the tokens Buterin sold in his shitcoin selling spree on Mar. 7, selling 3.4 million BITE for around $9,250, according to PeckShield.
“I anti-endorse these projects to the greatest extent.”
Buterin’s post was also likely prompted by the huge number of posts pushing the BITE token on the subreddit, which he created back in Jul. 2020 and still moderates.
The post set him up for a wave of trolling, however, with other members of the subreddit doubling down on their shilling and creating a number of memes.
Buterin was even sent 250,000 BITE soon after making the post. The token doesn’t appear to be listed on many mainstream crypto price tracking sites, but blockchain records show
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Author: Luke Huigsloot
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