- Vitalik Buterin sold 5.054B $ESTEE for $116,306 USDC, sparking a 4000% volume spike.
- $ESTEE trading volume soars 4000% after Buterin’s massive 5.054B token sale.
- Buterin’s token sale significantly boosted trading activity and market volatility.
The founder of Ethereum, Vitalik Buterin, recently made a large transaction of the $ESTEE token, which increased trading volume. According to the blockchain data, for 116,306 $USDC, Buterin sold 5.054 billion $ESTEE tokens. The transaction took place through his known address, 0xAb58…9aeC9B. This sale resulted in a 4000% increase in the trading volume of $ESTEE, highlighting market interest and increased trading activity.
Transaction history shows Buterin exchanged 25,241.4 ESTEE for WETH and sold it for USDC. The total value of this series of transfers was $320,313.93. A significant portion of this swap was experienced through Uniswap, one of the dominant decentralized exchanges, which showed its relevance in token liquidity.
The transaction used a gas of 0.00288335 ETH, priced at approximately $10.66 under the gas price of 10.6121 Gwei. The seamless execution of this trading shows how decentralized exchanges such as Uniswap enable efficient trading of high-value tokens.
Implications of $ESTEE’s Volatility and Liquidity Trends
ESTEE is a dog-themed meme coin inspired by Shiba Inu (SHIB). The surge in $ESTEE’s trading volume increased after Buterin’s sale, increasing the community’s speculation and volatility. Such sharp activity is also likely to attract the attention of traders and liquidity providers, potentially leading to price instability.
However, increased trading volumes can also improve liquidity, attracting more people to the market. As the token gets more exposure, price stabilization will be expected, given that trading volumes maintain high activity levels. The market’s response to Buterin’s transactions highlights $ESTEE’s performance as an indicator of the token’s adoption among investors.
Additionally, Last week, Vitalik Buterin adopted Moo Deng, the pygmy hippopotamus that became an internet sensation after being filmed playing at Thailand’s Khao Kheow Open Zoo. However, through the donation made by Buterin, which is 10 million THB or about $292,000 through the zoo’s Wildlife Sponsorship Program, it is possible to provide for the healthcare needs of Moo Deng over the next two years.
Vitalik Buterin’s Moo Deng Adoption Fuels MOODENG SurgeVitalik Buterin Calls for Cryptosphere Collaboration
In other developments, Vitalik Buterin, the founder of Ethereum, has called on the applied blockchain industry to leave the “crypto bubble” and participate in mainstream cryptography and cyber security events. In a recent tweet, Buterin focused on the need to engage and collaborate with classical decentralized non-blockchain projects like Mastodon and Secure Scuttlebutt.
Buterin argues that the blockchain sector should collaborate with experts in other areas to address global data protection and sovereignty issues. He suggests creating events like the Ethereum Foundation Scholars Program and encouraging non-crypto conferences.
At the same time, Shaw, the co-founder of ai16z, also spoke at a Delphi Digital podcast, noting that decentralized funding and market intelligence align with Buterin’s vision. Both experts emphasize the importance of eliminating assumptions and bias between mainstream technologists and crypto advocates. They also stress the need to promote adoption beyond crypto enthusiast levels to foster better solutions and contribute to the next phase of blockchain’s evolution and integration.
