RATE Group | The Ethereum Dumpers: Who’s Cashed Out Their ETH?
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The Ethereum Dumpers: Who’s Cashed Out Their ETH?

14 Aug The Ethereum Dumpers: Who’s Cashed Out Their ETH?

Posted at 23:03h in Ethereum News by

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Over fifty ICO projects sold 125,000 Ether (ETH) in the past month, statistics show.

Data collected by SANbase found 57 ICO projects collectively sold 125,218.34 ETH in the past thirty days; this would be worth over $400m at yesterday’s opening price.

SANbase is a platform for users to access and share cryptocurrency-related data. Established in the first quarter of 2017, it defines Ether being sold by funds sent from a project’s wallet to an exchange; this doesn’t automatically mean the ETH has been liquidated, according to the project’s methodology.

Amongst the largest sellers included the cryptocurrency exchange COBINHOOD (COB), which has sold 25,630 ETH since mid-July; the IoT security protocol, Atonomi (ATMI), sold 12,000 ETH.

The decentralized exchange platform 0x (ZRX) sold 1,500 ETH, and Kyber Network (KNC), 2,000 ETH.  Other high-profile projects include the real estate platform Propy (PRO), which sold 1800 Ether, and Quarkchain (QKC), the peer-to-peer…

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