Vitalik Buterin Sells 17.1B Neiro Tokens for $112.5K, Causing 60% Price Crash

Aug 5, 2024, 01:30 AM

Vitalik Buterin, co-founder of Ethereum, recently sold 17.15 billion Neiro tokens, which were transferred to him by the Neiro team. This sale, amounting to approximately 44.4 ETH or $112.5K, caused a significant drop in Neiro's value, with a reported 60% crash. The Neiro team had promoted Buterin as the largest holder by transferring 4.08% of the total Neiro supply to his address. The move has highlighted the volatility in the cryptocurrency market and the influence a single player can have.