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Will Ongoing ICO Sell Off Ruin Ethereum’s Momentum?

  • Alex Morris
    📰 News

    ETH price is sitting at $207 after reaching its short-time high of $217. There are already speculations that this might be related to another huge selloff on the market


Will Ongoing ICO Sell Off Ruin Ethereum’s Momentum?
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Ethereum price is currently sitting at $207 after reaching its short-time high of $217. There are already speculations that this might be related to another huge selloff on the market.

A massive Ethereum sell-off continues with initial coin offering dumping three times more Ether than they did during the previous month, according to a TrustNode research. In particular, recent massive drop on price was inextricably connected to 82,000 ETH being sold by ICOs on Sept. 4 alone. All in all, there is already more than $40 mln worth of Ethereum accumulated at squeeze time.


 


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