Oh, look! Vitalik Buterin just casually sold 5,000 Dohrnii (DHN) tokensโfreebies from Dohrnii Labsโfor a cool $124,000. And guess what? The token’s value promptly did the swan dive, plummeting 50%. ๐ค
But hey, don’t say the Ethereum co-founder didn’t warn you. He’s been like a broken record, telling projects, “Don’t send me tokens, donate to charity instead.” But do they listen? ๐
Token Price Takes a Nosedive
Thanks to an X post from blockchain snoopers Spot On Chain, we learned that on March 18, Buterin cashed out 5,000 DHN for 65 ETH, which, in boring adult terms, is about $124,000. These tokens were a part of the 10,000 DHN love letter sent by Dohrnii Labs on January 29.
Let’s be real, getting free coins is the crypto equivalent of being famous. And Buterin? He’s crypto’s Brad Pitt, minus the six-pack. ๐
So, Buterin’s Tuesday yard sale caused a little market stir, with DHN’s price doing the splits, dropping from $38.505 to a low of $20.699. But don’t worry, it’s back up to $39.75 now. Because crypto, that’s why. ๐
Despite the weekly 11% dip, DHN has somehow managed a 3,400,535.6% rise over the past year. I mean, who needs stablecoins when you’ve got this kind of rollercoaster? ๐ข
And for those keeping score at home, Buterin’s still sitting on the other 5,000 tokens, worth nearly $190,000. Not too shabby for a day’s work. ๐ผ
DHN, in case you forgot, is the shiny coin of the Dohrnii ecosystemโa crypto school on the Ethereum blockchain. ๐
Freaked out by the market’s mood swings, Dohrnii Labs is now offering to sell off the rest of Buterin’s stash over-the-counter. You know, to keep things calm. ๐งโโ๏ธ
Charity, Not Crypto, Please
Buterin’s been singing the same tune: “Don’t send me tokens, give to charity.” And he’s not just talk; he’s walked the walk, too. In 2024, he donated half a million in animal meme coins to charity. ๐ถ
He’s also liquidated over a million in assets, with the cash going to various do-gooders. So, when he says he’s not selling ETH, he’s not. He’s just being a crypto Santa Claus. ๐
Most recently, Buterin suggested that instead of sending him tokens, projects should set up DAOs for community charity fun. Because what’s better than giving back? Giving back with blockchain, duh. ๐ฐ
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2025-03-18 19:22