Ethereum’s Vitalik Buterin Spooks Memecoin World With This Post

Godfrey Benjamin
January 31, 2024
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Vitalik Buterin Outlines Helios's Role In Multi-Chain Ethereum Scaling

Vitalik Buterin, the nerdy Ethereum co-founder has been seen on X trolling the memecoin ecosystem, although his post was a response to an earlier statement made by an X user identified as fi.

Advertisement
Advertisement

Memecoins Features in Vitalik-Led Banter

Earlier on today, Buterin made a post stating that non-censoring builders be like “I will give up my solo journey unconditionally for you, and I will not be afraid of sacrifice if I am strong for you,” as translated by Google. In return, the X user took a jab at Ethereum holders noting that,

“It turns out that you are the luck I want to keep the most. It turns out that we and love were once so close.” 

This statement somewhat connotes forced love for the Ethereum protocol as an innovation hub. The banter continued and this time around, it was directed at memecoin holders. Buterin trolled memecoin holders citing that they sound like “Let’s meow together, meow meow meow meow,” per a Google translation of the post shared in Chinese.

This statement led to a reaction from crypto community members on X with many elongating the tease as is customary of the playful memecoin world.

Notably, Charles Hoskinson’s Cardano had similarly been trolled by community members of other blockchains. While the Ethereum co-founder’s post was more light-hearted, the banter involving Hoskinson is more intense. 

In one of such encounters, Hoskinson was quick to respond to the critics of the Cardano’s chain. To make his argument, the founder of the Layer-1 protocol touted the scalability of the network, closely comparing it to Bitcoin. 

Advertisement
Advertisement

Meme Tokens Gaining Traction

Markedly, this banter comes amidst a growing positive momentum in the memecoin landscape. 

Many of the tokens have been seeing significant gains in price. A few days ago, canine-themed memecoin Dogecoin (DOGE) registered an 11% price gain. DOGE moved from a 24-hour low of $0.07899 to a price of $0.08818. At the time of this writing, the memecoin is trading at $0.08136.

Shiba Inu is equally performing well with a slight price jump, although the positive sentiment is largely attributed to the potential milestones on Shibarium. Myro also markedly recently moved to the position of the third largest memecoin on the Solana network by market capitalization after hitting a new all-time high. The coin soared as high as $0.2607 with extreme growth rates recorded.

Several other memecoins have experienced similar upshoots in their prices as well as their user engagement. The community traction from these memecoins underscores why prominent leaders in the industry are having fun with the concept.

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.