Ethereum could fall due to mass selling of coins


Edition TrustNodes reported that a strong fall in the price of Ethereum could be caused by the sale of 100000 ETH ICO-projects.

A number of companies have made translations of the ETH, however, to be sure that the coins were sold, it is impossible. So, last month the project Atonomi sold 12000 ETH I — ETH 8400, OpenLedger and Etheroll — 5400 ETH and Status — 4800 ETH.

The company Etheroll said that did not sell tools, and just moved them to a new smart contract.

Ethereum this week has reached the annual minimum, having fallen to $309. Even given the General decline in the market, quotes ETH fell greater of the same bitcoin, so the theory about a massive sale looks the most likely.

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.