Vitalik address suspected of initiating programmatic liquidation of "junk Meme coins", continuously selling off at the minute level

BlockBeats News, April 30, according to Arkham on-chain data, the Vitalik Buterin address (0xAb5...) is actively selling various Meme tokens, with transfers occurring at a high frequency, up to several times per minute. Fund flow data shows a continuous inflow of ETH at the same time.

The market widely speculates that he is using an automated script to batch liquidate airdropped junk tokens in the wallet. The amounts per transaction are generally in the tens to hundreds of US dollars range. This kind of operation is not the first time. In 2021, Vitalik sold or donated a large number of Meme coins (including SHIB, etc.) airdropped to his address by the crypto community, causing significant market volatility.

It is not yet clear whether the current operation is manually triggered or entirely executed by an automated program. Given the market influence of Vitalik's address, related Meme token holders should be aware of potential selling pressure risks.