Memecoin dumps, then pumps after Vitalik Buterin sells unwanted airdrop

The memecoin took a massive hit after Buterin sold his entire 17 billion Neiro airdrop, but in a weird turn of events, it pumped soon after.

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A memecoin attempting to use Vitalik Buterin’s fame to gain attention, has just seen its value pump 200%, even though Buterin completely dumped the token. 

The rather obscure token attempted to gain credibility on Aug. 4, after airdropping 4% of its supply to the Ethereum co-founder to claim he was the largest holder.

But barely an hour went by before the Ethereum co-founder dumped his entire stash of the memecoin. Buterin transferred 17.1 billion NEIRO memecoins in exchange for 44.5 ETH worth around $103,000 at the time.

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