ICOs Sold 750,000 ETH Since November, 2.6 Million in the Past Year

1w
3m read
Summary

Despite considerable eth liquidation for months on end, eth holdings by ICOs remained at about ◊3.3 million since summer 2018. For the first time since we kept tracking movements of eth holdings by ICOs sometime in late spring 2018, the total holdings have fallen very significantly. Recently, however, there has been far less eth selling by ICOs. That’s because you’re kind of selling the eth for dollars, but without actually selling the eth. Some 39,000 eth was sold by Initial Coin Offerings (ICOs) on December 11th 2018.

Article Preview

Some 39,000 eth was sold by Initial Coin Offerings (ICOs) on December 11th 2018. A few days later, ◊45,000 was sent to the market on the 14th of the same month. Then ◊33,000 on the 17th.

Such huge sums became a rarity in the second half of last year, but in November and December, ◊10,000, ◊20,000 or ◊30,000+ became the order of the day.

Around mid-December, about 400,000 eth had been sold in the previous 30 days. Hundreds of thousands more followed, with estimated data based on blockchain movements showing 736,000 eth was sold since November up to February 5th.

Eth ownership by ICOs and the Ethereum foundation, Feb 2019.

For the first time since we kept tracking movements of eth holdings by ICOs sometime in late spring 2018, the total holdings have fallen very significantly.

Despite considerable eth liquidation for months on end,...

Read the full article @ TrustNodes