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EOS Price Pumping Ahead of Block.One’s Major Announcement

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Sat, 06/01/2019 - 08:13
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Yuri Molchan
Earlier this week, Block.One has mentioned that on June 1 a major announcement would be made, EOS price is already surging
EOS Price Pumping Ahead of Block.One’s Major Announcement
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Previously, this week U.Today reported that Block.One, the emitter of EOS cryptocurrency, promised to make a major announcement on June 1.

Today is the day. EOS price is pumping.

What is Block.One up to?

Recently, Block.One has started a buyback of its shares, showing a major confidence in its future projects. Mike Novogratz and his Galaxy Digital fund were among the investors who sold its Block.One stock back to the issuer.

Also, it was reported that Block.One had acquired a trademark MEOS, which is most likely to be for a decentralized social media platform that company is building.

The website set up specially for the announcement has been promising to reveal it on June 1, which is today.

Today, Dan Larimer, one of Block.One co-founders has reminded the community about the coming announcement in his Twitter handle.

The crypto community is very excited about that, filling the comment thread with positive expectations.

https://twitter.com/bytemaster7
https://twitter.com/bytemaster7

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Bitcoin Price Bound to Retrace a Little to Avoid Massive Collapse: Expert Says

EOS soars 12 percent

Ahead of the promised announcement, EOS price is spiking. At press-time, the coin has risen by over 12 percent and is trading at $8.31.

CoinMarkerCap.com
CoinMarkerCap.com

All the top ten crypto assets are rising today, enjoying the sea of green. However, EOS is the best performing coin so far, closely followed by Tron’s TRX (+11.18 percent). The obvious reason is that Justin Sun has also promised to make a major announcement on June 1.

CoinMarkerCap.com
CoinMarkerCap.com
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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.