Crypto Moda Daily Market Report — October 10, 2025

Ethereum co-founder Vitalik Buterin has once again made headlines after selling off a batch of free meme coins he received, this time cashing out approximately $96,000 worth of tokens on Uniswap, according to CryptoNews.

The move has reignited debates about airdrop culture, token legitimacy, and the broader state of meme coin speculation in the crypto market.

🪙 What Happened

Blockchain data shows that Buterin liquidated several small-cap meme tokens that had been airdropped to his wallet without his request. Similar to previous cases, these unsolicited tokens were sent by meme coin creators seeking publicity — knowing that any movement from Vitalik’s wallet would instantly draw attention.

Buterin exchanged the tokens for ETH on Uniswap, with the total value of the swap reaching around $96,000. While this might seem minor compared to his overall holdings, the transactions quickly gained traction across social media and on-chain tracking platforms.

🔍 Why It Matters

This isn’t the first time Vitalik has made such a move. In past years, he has either donated or sold free meme coins that were sent to him, often to avoid potential legal implications or unwanted associations.

The latest sale highlights a few key points about the current crypto environment:

• Meme coins remain rampant, often relying on hype rather than fundamentals.

• Airdrop marketing is risky, as high-profile wallet interactions can crash token prices instantly.

• Ethereum’s transparency once again makes even small wallet movements highly visible and impactful.

💭 The Bigger Picture

Vitalik’s recurring meme coin dumps are a subtle reminder of the speculative excesses still present in the market — especially as many of these tokens lack utility or clear projects behind them.

At the same time, his actions underline the importance of responsible token distribution and the dangers of using high-profile wallets for promotional stunts.

Despite the minor financial gain, the event serves as a reflection of how influential figures continue to shape market sentiment — intentionally or not.