Why is Vitalik Buterin selling off his shitcoins?
Recently, on-chain trackers showed that the Ethereum creator sold off most of the useless coins that he had amassed from an unknown source.
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People were left wondering why Vitalik decided to dump these shitcoins, which could have potentially been gifted to him by the founders themselves (a common practice in the industry). After all, Vitalik didn't need the money, so what was the reason behind this move?
However, Buterin himself provided an answer to the question in a subreddit.
$BITE and most other coins being discussed on this forum are shitcoins, have no redeeming cultural or moral value, and will probably lose you most of the money you put into them. I anti-endorse these projects to the greatest extent.
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