Vitalik’s Regift of Unsolicited DOGE Knockoffs Sends Memecoin Prices Plunging

The Ethereum creator has turned a memecoin marketing stunt on its head.

Vitalik Buterin has told dog-themed memecoin creators to bark up another tree.In a move that captivated the attention of Crypto Twitter on Wednesday, the Ethereum founder regifted tokens sent to his public wallet by the creators of Shiba Inu coin (SHIB), Dogelon (ELON), Akita Inu (AKITA), mwDOGE (mwDOGE) and OURSHIB (OSHIB), blockchain records show.Notably, Buterin donated 50 trillion SHIB tokens (worth a nominal $1.2 billion at press time) to the India Covid Relief Fund kicked off by Polygon founder Sandeep Nailwal late last month. He also sent about $431 million of AKITA to Gitcoin, according to the records, a public Ethereum-based fundraising platform.

Blockchain record via Etherscan shows transfer of shiba inu tokens to a covid-related India relief fund.

Memecoin creators have been sending large amounts of their tokens to the Ethereum figurehead in recent days. Vitalik was sent trillions of SHIB tokens worth over $8 billion at one point.

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