Ethereum co-founder Vitalik Buterin has once again shaken the crypto world – this time by selling two trillion DOG meme tokens on Uniswap V4. These tokens were likely sent to his wallet without his consent, a common tactic used by meme coin creators hoping to gain attention. Rather than keeping them, Buterin quickly swapped the tokens for Ethereum (ETH), sparking instant market reactions.
The unexpected move not only stirred panic around DOG but also raised fresh concerns about ETH’s short-term price stability.
While the sale only brought in 4.4 ETH, hardly a large sum for someone like Buterin, it sent a clear message. Right after the swap, ETH’s hourly trading volume spiked. Traders and bots rushed in, bracing for sudden market movement.
Meme coins are especially sensitive to these kinds of actions. When big names like Buterin sell off, it often triggers panic selling, liquidity drains, and steep price drops. Now, the DOG token is under pressure—can the community stay strong, or will it spiral like many low-cap tokens have before?
There’s some hope in the history books. Shiba Inu also faced a major dump by Buterin but managed to recover and rise to the top of the meme coin ranks. But not every token is built to survive that kind of hit.
Many small projects collapse almost immediately after such sell-offs. For DOG, everything now depends on how well the community can hold up trust, support liquidity, and avoid panic.
Buterin has a long-standing habit of quickly selling or redistributing meme tokens sent to him. So, the ETH he just gained might end up back on the market – something that could add more pressure to ETH’s short-term price.
This adds another layer of risk, especially for meme coin holders who are already navigating unpredictable waters.
Only the Strongest Meme Coins Survive
Vitalik’s latest move is another reminder of how fragile the meme coin space can be. While DOG tries to recover, the wider crypto community is watching closely.
Will DOG collapse like countless others, or follow SHIB’s path and defy the odds?
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