Buterin’s Salvo Against Shady Tokens
Recently, Ethereum co-founder Vitalik Buterin decided to ramp up his anti-crypto shenanigans by targeting the infamous “shitcoins.” Just days before, he offloaded over $700,000 in tokens that fell into that dubious category, leading to a noticeable dip in their value. It’s like throwing a rock into a pond and then blaming the ripple effect on the stone!
The BITE Token Takedown
On March 9, in a post on a rather obscure subreddit, Buterin went off on the BITE token, claiming it—and many other tokens discussed there—lacked any redeeming qualities or cultural significance. Think of it like a stern parent warning their child about the dangers of joining a questionable dance party. “I anti-endorse these projects to the greatest extent,” he boldly declared. Talk about a harsh review!
A Comedy of Errors
One would think oil and water don’t mix, but what happened next was pure humorous chaos. After his tirade against BITE, members of the subreddit took it as a cue to double down on their campaign, flooding the forum with memes and blatant shilling. It’s like attending a comedy show and heckling the comedian—what were they thinking? Not too surprisingly, someone decided to send Buterin 250,000 BITE tokens, worth about $2,750. It’s as if they said, “Here’s some of our problem. You deal with it!”
The Trolling Escalates
But wait, the plot thickens! The very act of criticizing these tokens likely fueled even more trolling from the crypto community. Imagine being in a room full of pranksters: you call out one joke, and suddenly, they won’t stop until they’ve exhausted every punchline about it. Buterin’s original post was met with memes galore as the BITE community labeled the cryptic mention from the co-founder as “BULLISH.” Ah, the irony—the very tokens he scorned were becoming a point of pride for others!
Previous Coin Culls
Pursuing an anti-shitcoin agenda isn’t new for Buterin. In May 2021, he went on a similar spree, unloading tokens like Shiba Inu (SHIB) and Dogelon Mars (ELON), which resulted in their value collectively tanking by 40% and 90%, respectively. Clearly, Buterin is on a mission, albeit one that draws a ridiculous amount of attention like a moth to a flame.
The Future of Shitcoins?
It remains to be seen what this bizarre interaction will mean for BITE and other similarly dubious tokens. One thing’s for sure: Buterin’s clear disdain for them has only catapulted them further into the spotlight. As the crypto world continues to grapple with tokens that might need a hefty moral compass check, all we can do is sit back, grab some popcorn, and watch the show unfold.
