Dohrnii price tanks 50% as Vitalik Buterin dumps free-received tokens via Uniswap
The price of the DHN token quickly dropped by 50% after the co-founder of Ethereum, Vitalik Buterin, sold the tokens he received for free, exchanging them against $ 125,000 from ETH.
With a single business, Ethereum co-founder Vitalik Buterin Seems to have halved the price of the Dohrnii same – pouring tokens on the free market in exchange for Ethereum (Ethn).
On Tuesday, March 18, chain surveillance platforms showed that Buterin had sold 5,000 DHN for $ 125,000 from Ethereum on Uniswap. Despite the sale, he still has an additional 5,000 DHN, worth around $ 114,600, which he received free from the Treasury of Dohrnii Labs on January 29, according to data From spot on chain.
After the drop in net prices, the Dohrnii team tense In Buerin on X, offering to buy your DHN remaining in an over -the -counter agreement to “minimize fluctuations in the future sales market”. At the time of the press, Buterin made public statements concerning the offer.
After the sale, a takeover was recorded and the DHN price rebounded at the previous levels. At the time of the press, DHN is negotiated at $ 40, according to data from cryptographic price aggregators. However, in the middle of the sale, the concerns about the legitimacy of the token have surfaced, with alleged manipulation.
https://twitter.com/nepalikanchhaa/status/1897986422973354167
An X user allegedly alleged that DHN’s prize is “very manipulated” by the creators and developers of the project who have full control of the liquidity pool. The user has also raised doubts about the fundamental principles of the project, stressing that an educational application with only 1,000 downloads had pumped DHN’s market capitalization at $ 17 billion, but “has liquidity below one million”.
In his white paper of a page, Dohrnii is called an “educational tool” which wants to make financial education accessible to all. He indicates that he uses blockchain, learning features and gamification to “transform” the way people learn finance, although he does not reach any technical details.
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