Vitalic Butlin, co-founder of Etherum, spent a lot of money selling discarded coins and obtained Ether with nearly $700000 worth of tokens from previous airdrops.

According to EtherScan, one of Buterin's wallets sold 500 trillion yuan (Shik) for 380.3 ETH ($595448) on March 7, broke nearly 10 billion spells for 58.1 ETH ($91021) and 50 billion MOPS for 1.25 ETH ($1950).

Because of the low liquidity of tokens, the market sales have a significant impact on the price. The price of tokens has fallen sharply, Shik. According to CoinMarketCap, after the sale of Buterin, the price of Shik fell 86 per cent.

The total supply of commodities in circulation of SHIK is 1 trillion, of which 500 trillion yuan previously held by Buterin accounts for 50% of the supply at this stage.

In may 2021, the Etherum co-founder conducted a similar dynamic password sale transaction, such as the Akita dog (Shib) and Dogelon Mars (Elon), causing prices to fall by 40% and 90% respectively.

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Although some people in the digital currency circle show their chill about Buterin's decision to sell tokens, because it has too much influence on tokens, others show that it is mainly because of the tax harm of accepting airdropped materials, which is necessary to pay enterprise income tax in most of our country.

Buterin confirmed in a 2018 tweet that he had the wallet after he was accused of accumulating 75 per cent of ether supplies with Joe Rubin, another Etherum co-founder, during Etherum's pre-extractive market sales period.