Ethereum Co-Founder Vitalik Buterin's Address Sells Trillions of Airdropped Tokens, Causes Illiquid Coin Prices to Plummet

The market liquidity of the airdropped tokens was shallow, and the relatively unknown ERC20 tokens plummeted in value.

Highlights

Vitalik Buterin, the co-founder of Ethereum, appears to have sold a significant amount of ERC20 tokens that were airdropped to his address.
On March 7, onchain observers noticed that the address associated with the address was selling tokens with low liquidity and small market capitalizations.
The price of shikoku (SHIK) dropped 95.8% against the U.S.
dollar.
Some token supporters complained that the price of these coins to drop, while others argued that it was Butyerin’s funds, and he could do whatever he wanted with them.
Some speculated that the sale may have been for tax compliance purposes.

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