Vitalik’s wallet is programmatically dumping “garbage” memecoins again – on‑chain data shows minute‑by‑minute liquidation

Vitalik Buterin is programmatically dumping unsolicited memecoins again, turning airdropped “spam” into ETH while leaving thinly traded meme markets on edge.

On‑chain analytics from Arkham Intelligence indicate that an address attributed to Ethereum co‑founder Vitalik Buterin (0xAb5…) has entered a new phase of high‑frequency selling of assorted memecoins airdropped to his wallet. According to the activity feed, the address is swapping multiple low‑cap meme tokens every minute, with individual transactions typically in the tens to low hundreds of dollars and a continuous inflow of ETH recorded over the same period. The pattern suggests the use of automated scripts to batch‑liquidate unsolicited “junk” airdrops rather than discretionary, one‑off sales.

Market participants are drawing comparisons with earlier episodes. In 2021, Buterin famously sold or donated large allocations of airdropped memecoins such as SHIB, triggering sharp, short‑term price dislocations across several tokens that had tried to co‑opt his image and wallet address as marketing. More recently, he has repeatedly cleared out unsolicited memecoin positions: in 2025 he offloaded dozens of tokens, including DOJO, SPURDO and MARVIN, for about 22.14 ETH (roughly 96,000 dollars at the time), and separately dumped 275 trillion CAT tokens for 14,216 dollars via the LiFi Diamond aggregator, moves covered in detail by crypto.news in earlier reporting on his stance toward memecoins.

This year, Buterin has also been in the headlines for selling portions of his ETH stack in small, transparent batches, with Arkham data showing around 17,196 ETH sold since early February as part of a pre‑announced plan to fund open‑source development and privacy research. In the past, he has publicly criticized low‑effort meme tokens and called for higher‑quality designs with real utility, a position that sits alongside his work on topics like NFT privacy via stealth addresses and more robust wallet UX, which crypto.news has also covered.

Wave of programmatic memecoin liquidation by Vitalik

The current wave of programmatic memecoin liquidation fits into a broader pattern where Buterin treats unsolicited airdrops as “spam” rather than endorsements, routinely converting them into ETH or stablecoins and, in some cases, redirecting proceeds to public goods. For holders of small‑cap meme tokens that target his address for attention, the immediate implication is clear: any sizeable allocation sitting in the “Vitalik wallet” is more likely a latent source of sell pressure than a signal of support. Given his market influence, concentrated airdrops to his wallet can effectively become time‑bombs over liquidity‑starved order books, with each scripted sell adding incremental pressure.

The episode also intersects with rising concerns around wallet‑level security and spam‑style airdrops. Recent reporting highlighted how Microsoft uncovered a critical Android SDK vulnerability affecting millions of wallet users, while Binance flagged an advanced iOS exploit chain targeting crypto wallets, prompting renewed attention on both user protection and unwanted token flows. Against that backdrop, Buterin’s ongoing practice of programmatically clearing out unsolicited memecoins underscores a simple message to retail traders chasing the latest airdrop or meme: where serious builders see wallet hygiene and risk reduction, speculators often see “free marketing,” and the on‑chain outcome can be brutally one‑sided.