Vitalik Buterin: Sells Meme Tokens for USDC

Ethereum co-founder Vitalik Buterin dumped a batch of freely received meme tokens, pocketing 114,566 $USDC and 2.16 $ETH valued at $5K, according to on-chain tracker Lookonchain.

This move echoes Buterin's pattern over the past six months, where he liquidated similar airdrops to fund philanthropy, steering clear of hype-driven assets amid broader crypto market crash signals.

Zooming into the ETH 4h chart, price action clings to $2239.32 inside the Bollinger Bands, with the upper resistance at $2366.01 capping upside while lower support at $2218.76 guards against deeper slides. Bearish vibes dominate as the MACD flashes a death cross at -18.21, and RSI at 38.49 stays neutral but leans weak—confluence here screams caution, with ETH testing the EMA200 resistance at $2252.67 after breaching the EMA50 at $2305.99, setting up a probable retracement before any rebound, especially as Bitcoin hovers in correlated weakness.