On-chain activity once again draws market attention, as V is starting to gradually manage his Meme token holdings.

Latest monitoring shows that Vitalik Buterin has begun selling part of the Meme tokens he received as gifts, including:
Selling approximately 40 million ASTEROID tokens
In exchange for approximately $114,600 USDC
On-chain data indicates that this address may still continue to sell other airdropped or gifted tokens in batches.
From a market-logic perspective, this kind of behavior typically releases three layers of signals:
First, gradual cleanup of non-core assets
Indicating a low willingness to hold Meme-type assets
Second, liquidity recovery
Converting non-mainstream tokens into stablecoins to reduce exposure to volatility
Third, market sentiment impact
Because of his influence, every on-chain move is amplified and widely interpreted
It’s important to note that this does not equate to “being bearish on the market.” It’s more about optimizing the asset structure.
But given that Meme assets themselves have relatively weak liquidity, large-scale sell-offs may still cause disturbances to short-term sentiment.
The real actions of on-chain funds are often more direct than narratives suggest.
Follow me to continuously track key addresses and changes in on-chain funds.
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