EOS Maker Block.One Buys RAM for $25 Mln Ahead of Big Announcement

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Wed, 05/29/2019 - 10:00
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Yuri Molchan
EOS developer Block.One makes a major move ahead of a crucial announcement promised to be made on June 1
EOS Maker Block.One Buys RAM for $25 Mln Ahead of Big Announcement
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The other day, the EOS development company Block.One has made a major purchase, buying RAM for 3.3 mln EOS (about $25 mln). Since on June 1 a major announcement from Block.One is expected, things are getting heated with the community looking forward to the big day.

Many believe this could be the biggest thing Block.One will have announced in 2019.

EOS shows substantial surge on the news

Block.One promises to make a major announcement on the approaching B1 event on June 1, holding the community in excitement.

A special website has been created for those who will be watching online. The event is to take place in Washington DC.

https://block.one/june1/?from=body
https://block.one/june1/?from=body

The news of the upcoming announcement along with Block.One’s recent buyback of its shares from major investors at a much higher price than they were initially sold. When this was reported by the media, the EOS price surged a staggering 20 percent, making it a top gainer on CoinMarketCap that day.

Together with the other gains of EOS, the coin has totally appreciated 70 percent in May.

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Crypto community’s speculations

The community naturally began wondering and speculating what big thing Block.One is going to share with them on June 1.

Previously, U.Today wrote that this may well be a decentralized social media platform, judging by the MEOS trademark that Block.One has acquired recently. An earlier tweet on the company’s founder Dan Larimer seems to confirm this assumption.

Some sources also speculate that Block.One is about to announce not a social media but a crypto wallet.

The recently conducted purchase of RAM for an impressive amount of $25 mln also confirms that something definitely important and big is due to take place.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.