"Vitalik Buterin sells 2 trillion meme coin Redoc (DOG)... Secures about 4.4 ETH"

Vitalik Buterin, the co-founder of Ethereum (ETH), has once again sold off meme coins.

According to cryptocurrency-specialized media Coindoo on the 28th (local time), Buterin sold 2 trillion meme coin 'Redoc (DOG)' tokens he was holding via Uniswap the previous day, securing a total of 4.4 ETH (about ₩14,500,000).

Although the sale was conducted quietly, the hourly transaction volume on the Ethereum network temporarily increased, drawing attention from the market. The DOG price showed a relatively stable trend without any immediate sharp decline, but it is analyzed to have had some impact on investor sentiment.

In the past, Buterin had also donated the proceeds to charity after disposing of meme coins he had involuntarily received from the issuing company, and there is speculation that this ETH may be used in a similar manner this time.

The media stated, "Rather than Buterin's act of selling itself, the community's reaction to this has a greater impact on the price," and added, "The community's liquidity management capabilities, not panic selling, will be the key to future price trends."