The man who was at the helm of the company behind what’s become known as Greece’s first cryptocurrency has allegedly caused the coin’s price to sink as he disappeared this month. The executive was off the radar for about two weeks before finally telling the press he will soon return, rejecting accusations he has crashed the market of the crypto.
Hellenic Coin Plummets Amid Crypto Investors’ Worries About Whereabouts of Coin’s Creator
Vangelis Tsapas, someone with various business interests and a sponsor of a basketball team in Greece, upset investors in a cryptocurrency he created when he suddenly vanished earlier in November. The price of Hellenic Coin (HNC) plunged as he became unavailable – from over $1.20 on Nov. 8, to under $0.34 at the time of writing. That’s after reaching its all-time high of $4.84 on June 14, 2021.
Speculations emerged that Tsapas had sold his HNC stash causing the slump, an accusation he has denied. Before his recent resignation, the entrepreneur was the CEO of…