Vitalik Buterin Ditches NEIRO Holdings

Of all days for a major launch and a publicity stunt, First Neiro On Ethereum probably had the worst timing this year.

Ethereum co-founder Vitalik Buterin has sold his entire holdings of a meme coin called NEIRO, which were valued at around $44,500 (44.5 ETH) at the time of the sale.

The sale, which was discovered by members of the public, caused the price of NEIRO to initially slump by 60%. However, the token later rebounded by over 200% to reach an all-time high of $0.00004255 on Monday.

According to Coinmarketcap, NEIRO is currently trading at $0.00001333, down more than 60% from its peak. The token has a circulating supply of 420.69 billion, and its market capitalization is unverified.

Several other tokens with the same name are also موجود on the Ethereum and Solana (SOL) chains. However, First Neiro on Ethereum claims to be the original NEIRO token.

The pseudonymous Neiro CTO, who goes by the handle “@neiroethcto,” has been actively promoting the token on X (formerly Twitter) and trying to generate hype around it.

In one of his recent posts, Neiro CTO thanked Buterin for “building our playground” and highlighted that the Ethereum co-founder is now the largest holder of NEIRO, with 4% of the total supply, which is valued at around $130,000 at the current market price.

“We are the people’s $Neiro, on the people’s chain, @ethereum,” the post reads. “And a little fun fact: @VitalikButerin is currently our largest holder. (4% of supply, ~$130k value as of the time of this post)”

After Buterin sold his NEIRO holdings, Neiro CTO urged him to donate the proceeds of the sale to a stray dog shelter, in a post on X that was also discovered by members of the public.

“Hey @VitalikButerin, we see that you sold your $Neiro bag,” the post reads. “Our humble ask is that you donate part of the proceeds to a stray dog shelter. And thank you for building our playground!”

While Buterin has not yet publicly responded to the request, Neiro CTO later claimed that someone donated almost $1,600 to the same shelter that housed the dog from which the meme coin derived its name.

“We are the #PeoplesNeiro,” another post reads. “Of the people. By the people. For the people.”

Neiro CTO also recently responded to the negative publicity that the token has been getting. First, the cryptocurrency’s social media account clarified that NEIRO is now a “community project” since its original developer has already rug-pulled from it.

Moreover, the transfer of the tokens in question to Buterin was allegedly orchestrated by the same developer who had abandoned the project. Neiro CTO explained, “This was not a ‘PR stunt’ meticulously organized by the community, it was pure happenstance.”

“Severe lack of journalistic judgment from the @Cointelegraph article,” another post reads. “1) We did not 'attempt to gain credibility on Aug. 4, after airdropping 4% of its supply to the Ethereum co-founder to claim he was the largest holder.' We did not airdrop anything. Those tokens were…”

Furthermore, the pseudonymous owner or moderator of the account announced the creation of the Neiro Strategic Reserve (NSR). NSR supposedly holds 0.4% of the digital asset’s supply, and its purpose is to create a stockpile for its potential listing on exchanges and to provide an avenue for charitable donations for stray dog shelters.

The above is the detailed content of Vitalik Buterin Ditches NEIRO Holdings. For more information, please follow other related articles on the PHP Chinese website!