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Will Ongoing ICO Sell Off Ruin Ethereum’s Momentum?

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Fri, 14/09/2018 - 14:29
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Will Ongoing ICO Sell Off Ruin Ethereum’s Momentum?
Cover image via U.Today
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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.

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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.


 

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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