Vitalik’s $124,672 DHN Token Sale Triggers 57% Price Plunge

ETH

ETH/USDT

$1,679.43

+1.25%

$1,679.43

+1.25%

(24s)

24h Volume

$7,279,100,611.93

24h H/L

$1,693.67 / $1,645.52

Change: $48.15 (2.93%)

Long/Short

75.1%

Long: 75.1%Short: 24.9%

Funding Rate

+0.0016%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,659.27

▼ -0.47%

Volume (24h): -

Resistance Levels

Resistance 3$1,872.11

Resistance 2$1,735.15

Resistance 1$1,666.55

Price$1,659.27

Support 1$1,615.03

Support 2$1,574.13

Support 3$1,505.68

Pivot (PP):$1,665.97

Trend:Downtrend

RSI (14):36.5

On March 18th, COINOTAG reported significant movements in the cryptocurrency market as Ethereum co-founder Vitalik Buterin executed a notable transaction. Utilizing data from Onchain Lens, it was revealed that Buterin sold 5,000 DHN tokens for 65.19 ETH, equivalent to approximately $124,672. This transaction triggered a sharp decline in the price of DHN, plummeting by up to 57% from a previous high of $38 to a low of $16, although the price has since rebounded to around $22.5. Despite the volatility, Buterin continues to hold an additional 5,000 DHN tokens, which currently hold a value of approximately $113,000. Market analysts will be closely watching how such strategic moves influence investor sentiment and overall market stability.