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

ETH

ETH/USDT

$2,523.44

+2.20%

$2,523.44

+2.20%

(24s)

24h Volume

$22,210,306,586.33

24h H/L

$2,665.99 / $2,433.77

Change: $232.22 (9.54%)

Long/Short

59.3%

Long: 59.3%Short: 40.7%

Funding Rate

-0.0004%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,512.34

▼ -0.16%

Volume (24h): -

Resistance Levels

Resistance 3$2,981.59

Resistance 2$2,613.30

Resistance 1$2,516.30

Price$2,512.34

Support 1$2,480.07

Support 2$2,411.47

Support 3$2,306.51

Pivot (PP):$2,538.73

Trend:Uptrend

RSI (14):62.8

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.