Explosion! The Cosmos team is wildly dumping ICO Ethereum, while ATOM becomes the 'losing king'?
On-chain monitoring shows that the Cosmos developer Interchain Foundation has taken action again! They just sold 3,000 ETH (worth $10.16 million), which brings their total liquidation since April of this year to 21,600 ETH, totaling $55.97 million, with an average price of $2,591 per ETH.
The question arises: what does the team account still hold?
According to the data, they still hold 383.8 BTC and 23,587 ETH, with a total value of about $95.48 million. This feels like a 'selling while getting rich' rhythm!
But sorry, ATOM investors are still soaking in bitterness!
Don't forget, at the end of 2022, when Bitcoin dropped to $16,000, ATOM could still stabilize at $10. Now BTC has returned to heaven, while ATOM's price has fallen to the floor at $6.5, clearly one of the worst-performing mainstream coins in this round of the market.
Tang Ge's 'stunning thought':
A project's development team frantically selling off assets inevitably exacerbates market sentiment, and ATOM's weak performance may reflect market dissatisfaction with the team's operational strategy. But from another perspective, is this wave of ETH liquidation laying the groundwork for larger-scale ecological development? It is worth continuous observation.
Don't get lost on the road to earning coins, smash the follow button for Tang Ge, so you can run more steadily in the next round of the market!
