Ethereum co-founder Vitalik Buterin is back in the spotlight with a series of notable transactions he made recently. Buterin converted two trillion DOG tokens into Ethereum.

As soon as the sale transaction occurred, a sudden increase in Ethereum's hourly trading volume was observed. While the market closely follows developments regarding the sale of meme tokens by a figure like Buterin, such transactions generally bring high volatility and panic selling. Although the amount of 4.4 ETH obtained in exchange for the sold DOG tokens is not on a whale scale, its symbolic impact was significant.
Especially meme coins can quickly lose trust with the sales of well-known figures. Many low-volume projects have collapsed in similar situations due to liquidity withdrawals and the collapse of the price floor.
This situation is not valid for every meme coin. For example, Shiba Inu managed to survive despite Buterin's much larger sale earlier. Therefore, while the recent sale may be a warning sign for DOG, it does not necessarily mean a definite collapse. How the community manages this test of trust will be decisive.
On the other hand, considering Buterin's past habit of quickly selling or distributing similar assets, it is also possible that the ETH he obtained from this transaction will be reintroduced to the market in the short term.