Meme coin ”Neiro” promoted by Buterin rises 200% despite full sale

The value of the meme coin, which was created to capitalize on the fame of Ethereum founder Vitalik Buterin, is expected to grow as Buterin plans to sell the token.
Despite being completely scrapped, it surged by 200% at one point. On the 5th (local time), Cointelegraph reported that the relatively little-known meme coin NEIRO had a total token price of 100,000 on the 4th.
The project then transferred 17.1 billion NEIROs, equivalent to 4% of the Kun supply, to Buterin’s wallet address. The project then took advantage of the situation and attempted to sell its tokens to Buterin.
But it took Buterin less than an hour to destroy all of the meme coins. Buterin has 44.
500 million NEIRO meme coins were exchanged for 44.5 Ethereum (ETH), worth $103,000 (approximately 14.7 million yen).
The token's price initially fell by about 60% as people noticed Buterin's quick sell-off.
However, since then, the NEIRO token has surged more than 200% to an all-time high of $0.000038, according to DexScreener.
Related to NEIRO token: "Neiro on Ethereum CTO (Neiro on Ethereum
The "X (formerly Twitter)" account posted, "Vitalik Buterin, you sold NEIRO.
We humbly ask that you donate a portion of your proceeds to a stray dog shelter. And thank you for creating our playground!"
Meanwhile, as of 4:50 p.m. on the 5th, the NEIRO token was trading at $0.0000288 on CoinMarketCap, up 168.87% from the previous day.