EOS Finishes Dumping All ETH Holdings, Near 3 Million Ethereum Tokens Sold

EOS is a major player in the cryptocurrency world, and they have just zeroed out their two main accounts, as far as experts can tell, as of July 3rd. Some of the accounts previously held three million tokens, but only tens of thousands remain throughout scattered, smaller accounts. Most of the coins have gone to other exchanges.

TrustNodes has been tracking EOS’s moves since they started in July 2017, even on the day that they sold their first ETH. This sale occurred on the Bitfinex platform, which was a major change for ICOs at the time. Not long after, the SEC decided to make some changes, resulting in new regulations that many investors feared would rid the industry of the decentralization that it was created for.

With SEC having the final say, the industry waits. EOS took the time to get out of a seemingly sinking ship, moving around $150 million to Bitfinex on May 8th. By the end of the month, another 300,000 ETH was moved as well. Around $120 million was sold on June 1st at the end of a 12-month ICO, leaving them with a balance of about 100,000 ETH. However, at the time of this article, it looks like nothing is left being that can be confirmed to be from EOS.

Right now, it looks to be the end of the crypto industry for EOS, as far as sources can tell. The craziness and excitement of 2017 is out of the way, leaving plenty of room for new platforms to emerge in 2018. However, TrustNodes still takes a final shot at the EOS launch, saying that it “could not be more of a clown show.”

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1 COMMENT

  1. I am not able to understand the accounts part. Can you elaborate on this ? Its still quite not clear on whats happening.

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