Vitalik Buterin Sells 17.15B Neiro Tokens for $112,500, Causing 60% Price Drop

Aug 5, 2024, 01:18 AM

Vitalik Buterin, co-founder of Ethereum, has sold his entire stash of 17.15 billion Neiro tokens, which were transferred to him by the Neiro team. The sale amounted to 44.53 ETH, equivalent to $112,500. This move caused a significant impact on the market, leading to a 60% plunge in the value of Neiro. Initially, the Neiro token had surged by 200% after leveraging Buterin's fame. The Neiro team had transferred 17.15 billion Neiro tokens, representing 4.08% of the total supply, to Buterin's wallet, making him the largest holder before the sale.