BitMEX Research: the Actual account balance for the ICO projects cannot bring down the rate ETH

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BitMEX Research: the Actual account balance for the ICO projects cannot bring down the rate ETH

The BitMEX team Research has published a new report which States that the ICO projects are unlikely to bring down the price of Ethereum (ETH) because a substantial part of the digital assets have already been sold for Fiat currency.

1/ BitMEX Research publishes a new report analysing the Ethereum holdings of the ICO projects. We establish that the ICOs have already sold almost as much US$ worth of Ethereum as they initially raised.

Data compiled with help from @thetokenanalysthttps://t.co/NTXHg10EOj pic.twitter.com/71U7C7zRW3

— BitMEX Research (@BitMEXResearch) October 1, 2018

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