- As a result, the rate of some “coins” collapsed by more than 90%
- Buterin also criticized shieldcoins.
- Allegedly, their owners are highly likely to lose their money
Apparently, Vitalik Buterin has declared a real war on shieldcoins. On Tuesday, March 7, he literally collapsed the rate of some “coins”, draining tokens for a total of $700,000. He also spoke criticizing these assets, noting that their owners are highly likely to lose their money.
According to Etherscan, on March 7, Buterin sold:
- 500 trillion SHIK for 380.3 ETH;
- 10 billion CULT for 58.1 ETH;
- 50 billion MOPS for 1.25 ETH;
- a little over 3 million BITE for 5.9 ETH.
All these tokens Buterin received during the airdrop. At the same time, his share made up the bulk of the supply, so the sale of a huge amount of “coins” led to a drawdown in the course.
The most indicative is the situation with SHIK. The price of this asset decreased by 86% (according to other sources – by 95.8%). In the case of other tokens, the drop is from 10 to 30%.
Two days later, on March 9, Buterin unsubscribed to a subreddit that was discussing BITE. The co-founder of Ethereum called this token, as well as some other “coins”, “shieldcoins” that are not trustworthy.
The post was published in the thread r/Testingtesting62831. This community was created by Buterin himself in 2020, and he still moderates it. Perhaps such an attack on BITE is due to the aggressive promotion of the asset in the group.
There are no exact statistics for BITE. Therefore, it is impossible to say how the course has changed after Buterin’s statement. However, many users took it as a joke and even urged to buy the asset.
The authors of the project did not stand aside either. On the official BITE page, they simply laughed on Buterin, after which they announced that their asset would become the largest in the Ethereum ecosystem.