Looking at Buterin’s wallet movements, it was observed that he sold $700,000 worth of shitcoins.
Known as the founder of Ethereum (ETH), Buterin has left his mark on the cryptocurrency market. Buterin, who also includes shitcoins in his portfolio, caused huge losses in shitcoins with his latest move. Buterin, who started selling the shitcoins he had in his wallet, “triggered the sale side” of other crypto investors. Based on data from Etherscan, Buterin had a big sell-off on his shitcoins.
Collapses Start After Buterin’s Shitcoin Sale
ETH’s well-known face, Buterin, after his shitcoin sale, he laid the “sell-side ground” for other crypto investors. According to data published by Etherscan, Buterin announced on March 7 that 500 trillion SHIKOKU (SHIK) for 380.3 ETH ($595,448), approximately 10 billion Cult DAO (CULT) and 1.25 ETH for 58.1 ETH (91,021). It sold 50 billion Mops (MOPS) for $1,950.
Buterin’s sales turned into a chain reaction. The low liquidity ratios of the projects created sharp downward movements in the sales waves. According to the data published by CoinMarketCap, SHIK was the one that lost the most value among the sold shitcoins with 86 percent.
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