Vitalik Buterin has sold nearly $700,000 worth of low-cap tokens he was sent, resulting in the price of one token dropping 86%.
, on Mar. 7 a wallet belonging to Buterin offloaded 500 trillion SHIKOKU for 380.3 ETH , nearly 10 billion Cult DAO for 58.1 ETH , and 50 billion Mops for 1.25 ETH .
Due to the low liquidity of the tokens the sales had a huge effect on their prices. The largest price drop from the tokens was SHIK, which recorded an 86% drop following Buterin’s sale according to CoinMarketCap
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