Vitalik today then used the LP tokens to remove liquidity and sell all of the meme coins on the same decentralised exchanges, crashing the price in the process.
I believe he donated the proceeds plus the remaining meme coins but that should be fact checked. The meme coin financial values are now significantly less because of the large sells by Vitalik.
There isn’t much liquidity available to sell more of them on decentralised exchanges so you would have to sell the remainder on centralised exchanges currently.
That's not what has happened. The coins are now owned by India Covid Relief fund and they can sell it however they want. Crashing the price would be against their interests since the whole point is to use the money for a humanitarian cause.
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[ 3.1 ms ] story [ 15.1 ms ] threadVitalik today then used the LP tokens to remove liquidity and sell all of the meme coins on the same decentralised exchanges, crashing the price in the process.
I believe he donated the proceeds plus the remaining meme coins but that should be fact checked. The meme coin financial values are now significantly less because of the large sells by Vitalik.
There isn’t much liquidity available to sell more of them on decentralised exchanges so you would have to sell the remainder on centralised exchanges currently.