Ethereum founder Vitalik Buterin left unfortunate token holders temporarily and nursing a significant loss.
Tuesday, March 18th, Vitalik By selling 5,000 tokens for $124,000, it caused a 46% flash crash (DHN) price of Dohrnii (DHN) from $38.505 to $20.699. Market Watcher Spot on the chain brought attention to this development in today's X post.
In particular, DHN is the token that drives the Dohrnii ecosystem. Ethereum network. Dohrnii Labs sent Vitalik 10,000 Dhn for free on January 29th. This is a common practice for Ethereum-based projects that use the influence of influential blockchain developers to draw attention to projects.
An hour ago, Vitalik Buterin@vitalikbuterin) 5,000 sold $ dhn In the case of 65.19 $ eth ($124K), triggering a price drop of about 50%!
He originally received 10,000 $ dhn Holds 5,000 free and free from Dohrnii Labs' Ministry of Finance on January 29th $ dhn ($114.6K).
to follow @spotonchain And the truck… pic.twitter.com/muwwrha2i2
– Chain Spot (@spotonchain) March 18, 2025
Following Vitalik's Tuesday sale, he still holds another Dhn of 5,000, but is now worth nearly $190,000. Around Etherscan data. Meanwhile, there is at Dohrnii Lab. It was provided To promote the sale of these remaining holdings at the counter to minimize future market impact.
Another donation?
For many years, Ethereum founder I warned the project For sending the token to him, he urges him to donate directly to the charity instead. He points out that all tokens sent to him will ultimately be sent to charity.
For example, August 2024, Vitalik has donated $530,000 From the blend of animal-themed meme coins he received for free to the effective altruism fund welfare fund.
The founder of Ethereum, reiterating his position that the project should send tokens directly to charities in his place, urged the project to establish a decentralized autonomous organization to engage the community in the process.
We would like to thank all memokines who donate a portion of their supply directly to charities.
(For example, I saw Ebull send bundles to various groups last month)
Everything sent to me will also be donated to charities (thanks to Moodeng! Today's 10B will go on anti-disease on the farm…
– vitalik.eth (@vitalikbuterin) October 7, 2024
However, some projects continue to be deaf, as highlighted by Dohrnii Labs' decision to send Vitalik tokens in January. Etherscan The data will be displayed Vitalik.eth, the founder of Ethereum and the most popular wallet address, holds more than 401 tokens.
Dislamier: This content is informative and should not be considered financial advice. The views expressed in this article may contain the author's personal opinions and do not reflect the basic opinions of the code. Readers are encouraged to conduct a thorough investigation before making an investment decision. Crypto Basic is not liable for any financial losses.
