Vitalik Buterin, the co-founder of Ethereum, sold $DHN tokens that were sent to him for marketing purposes. Buterin sold these tokens for $124,000, causing a major drop in the price of $DHN.
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Following the sale, the price of $DHN dropped by nearly 57% in a short period. This sudden decline led to significant selling pressure in the market and caused panic among investors.
He Still Holds Tokens!
After the sale, Buterin still holds around $113,000 worth of 5,000 $DHN tokens. Investors are concerned that if these tokens are sold, the price may decline even further.
Vitalik Buterin is known for selling tokens that are sent to him for marketing or gift purposes. These sales typically cause price volatility and declines in the related altcoin projects. $DHN has also been affected by this situation.
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