MANYU Holders Bet on Shiba Inu-Style Rally After Vitalik Buterin Sells His MANYU Donations

MANYU (MANYU) community members are hopeful that the token could replicate Shiba Inu’s success, following its recent sale by Ethereum co-founder Vitalik Buterin

Yesterday, the Ethereum co-founder sold several crypto assets he received from unsolicited donations from investors and project owners. Notably, the popular meme coin, MANYU, was among the tokens Buterin sold

Etherscan data shows that Buterin sold over 2 trillion MANYU tokens, worth roughly $39,484, on CoW Protocol. The sale came less than two months after he received the tokens from MANYU community members in unsolicited donations

Shortly after the donation, Buterin burned over 410 trillion SHIB and donated the rest to nonprofits supporting COVID-19 relief efforts. Although the transaction initially resulted in a sharp decline in SHIB’s price, it rebounded, eventually reaching an all-time high five months after Buterin offloaded the tokens

MANYU Soars Only 2.51% in 24 Hours

In the meantime, MANYU is currently up 2.51% over the past 24 hours and is currently trading at $0.00002117 per token. It ranks as the 8,974th cryptocurrency globally with a valuation of $21,170

Currently, MANYU has fallen 95.13% from its previous ATH of $0.0004344, recorded on February 18. While meme coins like Shiba Inu and MOODENG rallied significantly after Buterin offloaded them, it remains uncertain whether MANYU will follow the same trajectory