Ethereum co-founder Vitalik Buterin has sold all of the little-known altcoins in his portfolio. Vitalik Buterin, co-founder of Ethereum, once again created excitement in the cryptocurrency market with his recent sales frenzy. This time, he has sold a large number of altcoins, including 500 trillion SHIKAKU (SHIK) tokens, which he likely received from developers before.
Altcoins Buterin Sold
Other assets Buterin is selling include small altcoins like MOPS and CUL, which have experienced the same sharp price drop as SHIK. Ethereum, however, is holding the $1,570 level without any issues.
Sold 50B MOPS for 1.25 ETH. Sold 10B CUL s for 58 ETH Sold 500T SHIK for 380 ETH.
Unfortunately, the sale had an immediate impact on the SHIK price, which fell due to the lack of liquidity in the market. The sudden increase in selling pressure has raised concerns among investors.
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