Vitalik's address seems to have initiated a programmatic liquidation of garbage Meme coins, continuously selling out on a minute-by-minute basis
On-chain data from Arkham shows that the Vitalik Buterin address (0xAb5...) is intensively selling various Meme tokens, with a transfer frequency reaching several times per minute. The fund flow indicates a continuous inflow of ETH during the same period.
The market generally speculates that he is using automated scripts to batch liquidate the airdrop junk tokens in the wallet. The amount per transaction is generally in the range of tens to hundreds of dollars. This type of operation is not the first time. In 2021, Vitalik sold or donated a large number of Meme coins (including SHIB, etc.) that were airdropped to his address, causing significant market fluctuations. It is currently unclear whether this operation is manually triggered or entirely executed by automated programs. Given the market influence of the Vitalik address, holders of related Meme coins need to pay attention to potential selling pressure risks.
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