Bankless Co-founder Rug Pulls on Fork Coin, ZEC Plunges Over 32% in 24 Hours

BlockBeats News, June 5th, according to HTX market data, tokens from Bankless co-founder David Hoffman's disclosed repositioning holdings experienced significant declines today. Among them:

ZEC plunged over 32% in 24 hours, currently trading at $401.58;

NEAR dropped over 22% in 24 hours, currently at $2.136;

VVV saw a drop of over 21% in 24 hours, currently at $15.79;

LIT's price fell over 21% in 24 hours, currently at $1.388;

HYPE decreased over 15% in 24 hours, currently at $62.5.

Earlier, David Hoffman stated that after liquidating ETH, he immediately allocated about 50% of the funds to purchase VVV, NEAR, ZEC, and HYPE; the remaining 50% of the funds were held as cash reserves for gradual DCA entry, all of which have now been used to buy LIT.