The crypto market is in turmoil. A massive sell-off has sent shockwaves through the industry, with meme coins bearing the brunt of the decline, plunging over 20% in the past 24 hours. The Neiro meme coin, a new player in the busy world of meme-based cryptocurrencies, recently made headlines due to a significant sell-off by Ethereum co-founder Vitalik Buterin, resulting in a 60% drop in Neiro’s value.
Here’s all we know.
Buterin’s Sale Shakes Up the Market
Neiro had made a splash by transferring 4% of its total supply to Vitalik Buterin 
Vitalik Buterin
Vitalik Buterin is a well-known tech geek, influencer, and computer programmer. To promote the blockchain, he started Bitcoin Magazine and provided blockchain information for cryptocurrency investors. In 2015, he co-founded Ethereum, a blockchain platform that contributed to decentralized finance.
Quick Facts
Full name
Vitaly Dmitrievich Buterin
Birth
31-01-1994, Kolomna, Russia
Education
University of Waterloo
Wife/Partner
To be updated / Not Married
Famous for
Ethereum, ETH, Blockchain advocate/promoter
Net Worth
$1B (refer for realtime)
Buterin recognized the need for decentralized finance and used smart contracts to publish the Ethereum whitepaper. His contributions paved the way for Ethereum's transition to Proof-of-Stake, which proved to be scalable and effective. Furthermore, he introduced Ether (ETH), the blockchain platform's native coin.
A Timeline of Vitalik’s Career
Co-founded Bitcoin Magazine (2011) – Established one of the first crypto publications, writing extensively on Bitcoin and blockchain.
Authored Ethereum Whitepaper (2013) – Proposed a blockchain with smart contract functionality for decentralized applications (dApps).
Co-founded Ethereum (2015) – Launched Ethereum after a successful $18M ICO, revolutionizing the blockchain ecosystem.
Developed Ethereum Virtual Machine (2015–2016) – Created the EVM, enabling developers to build and deploy smart contracts.
Worked on Ethereum Scalability (2017–2021) – Contributed to Layer 2 solutions like Rollups, Plasma, and Sharding.
Led Ethereum’s Transition to Proof-of-Stake (2018–2022) – Helped develop and implement Ethereum 2.0, merging the Beacon Chain in 2022.
Blockchain Research & Cryptography (2016–Present) – Focused on zk-SNARKs, privacy tech, and decentralized governance models.
Philanthropy & Crypto Advocacy (2017–Present) – Donated millions in crypto for pandemic relief, AI research, and financial inclusion.
Key Achievements of Ethereum's Co-founder
Year
Achievements
Details
2014
Thiel Fellowship
Awarded a $100,000 grant by Peter Thiel to work on Ethereum.
2018
Fortune 30 Under 30
Recognized as one of the most influential young leaders in technology.
2018
World Technology Award in IT Software
Honored for contributions to blockchain and Ethereum’s development.
2021
Time 100 Most Influential People
Recognized for his impact on the global crypto and blockchain ecosystem.
2022
Ethereum’s Transition to Proof-of-Stake
Successfully led Ethereum’s transition from Proof-of-Work to Proof-of-Stake.
Other Useful links to connect with Vitalik Buterin
Platform
Link
X (formerly Twitter)
https://twitter.com/VitalikButerin
GitHub
https://github.com/vbuterin
Ethereum Official Website
https://ethereum.org
Vitalik’s Blog
https://vitalik.ca
EntrepreneurCrypto and Blockchain Expert
, hoping to leverage his influence in the crypto world. Buterin’s decision to sell off 17.1 billion Neiros for 44.4 ETH, however, caused a significant market reaction. This massive sell-off led to a sharp 60% decline in Neiro’s value, raising concerns among investors.
Neiro’s price fell from $0.022 to $0.013 after the sale, briefly rose to $0.015, and then dropped further to $0.011. The token, which had seen impressive growth and hit a peak of $0.19 on August 1 with a market cap close to $116 million, is now struggling with volatility.
A Charitable Request for the Fur Buddies
After the sell-off, the Neiro team posted on X, asking Vitalik Buterin to donate some of the proceeds to a shelter for stray dogs.
Neiro had set aside a reserve of tokens to fund future listings on centralized exchanges and support charitable causes, including shelters for stray dogs and other organizations fighting animal abuse. Despite the recent setbacks, Neiro remains dedicated to its mission and philanthropic efforts.
Also Check Out: Worst Crypto Crash Since 2022 Has Begun: Understanding What Is Happening
What do you think? Is this the end for Neiro, or will it make a comeback? Share your thoughts.
