Vitalik Buterin Attacks Sh*tcoins For Lack Of ‘Redeeming Cultural Or Moral Values’ — But It Backfires By Benzinga
Benzinga – Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin’s latest stand against sh*tcoins hasn’t exactly gone as planned.
What Happened: It looks like his words didn’t carry the weight he was hoping for: instead, he was sent even more of “shitcoins” he was trying to disparage.
In a post on March 9 on the r/Testingtesting62831 subreddit, Buterin described Bite (CRYPTO: BITE) and other sh*tcoins with “no redeeming cultural or moral value” and said it “will probably lose you most of the money you put into them.”
Buterin added, “ I anti-endorse these projects to the greatest extent.”
See More: Top Indian Apps That Give Bitcoin, NFT Rewards
Soon after making the post, Buterin was sent 250,000 BITE tokens, which are valued at $0.011. This means that this gift was worth $2,750.
Buterin went on a “shitcoin” selling spree on March 7, cashing out over $700,000 worth of tokens — including 3.4 million BITE tokens — for Ether.
Price Action: At the time of writing, BITE was trading at $0.00035, up 1% in the last 24 hours, according to Benzinga Pro.
Read More: Bitcoin Slumps To $20K, Ethereum, Dogecoin Shiver On Biden’s New Crypto Tax Scheme: Analyst Sees ‘Euphoric’ Bears At This Level
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read the original article on Benzinga
Get The App
Join the millions of people who stay on top of global financial markets with Investing.com.
Download Now
