ICOs to Sell 400k ETH in a Month

Some recent leading ICO projects at the same time turned out to be the main sellers of ETH
17 December 2018   1595

Over the past 30 days, ICO-startups have sold 416,000 ETH - the largest amount for the monthly period since this summer.

In August, such startups sold only 100,000 ETH, and in September the amount rose to 300,000 ETH. In November, they liquidated 100,000 ETH in one week and over 400,000 ETH in the last month, reports Trustnodes, citing data from Santiment.

This is still significantly lower than in January-March, when 630,000 ETH was sold in March only for one day. Some of these sales were probably related to EOS. When they sold all the Ether, the situation has noticeably stabilized and remained so until recently.

Some leading ICO projects at the same time turned out to be the main sellers. SingularDTV was the largest of them, but not too far ahead of Aragon and Kyber.

Status also actively eliminated cryptocurrency, but all four still have large stocks of ETH. All monitored ICO Santiment currently has about 2.9 million ETH in the amount of only $ 290 million - so much the last year the leading ICOs cost separately.

For a long time, the reserves of ICO-projects amounted to about 3.3 million ETH, despite the prolonged decline in the crypto market and the popularity of this method of collecting funding, since they were compensated by new campaigns. The fall of this indicator by 400,000 ETH makes it possible to conclude that the attraction of new funding in recent weeks has stopped, probably along with the actions of the US Securities and Exchange Commission (SEC)

Neo Foundation to Withdraw $11M From Cold Wallet

These funds will be used to finance its operations in currrent reporting year and $190M are stiill in the vault
26 March 2020   1008

On March 25, the Neo Foundation announced the withdrawal of 1,660,865 NEO ($ 11 million) from the cold wallet to finance its activities in the current reporting year. About $ 190 million are still in reserves.

According to rules established in the Neo White Paper, the NEO tokens maintained by the Neo Foundation are mainly used to continuously support Neo's technological development, ecosystem growth, community expansion and the normal operations of the foundation and related organizations. 


Neo Foundation

According to the publication, 1,660,865 NEOs were transferred “from a blocked account to a current account”. As the information on the blockchain shows, these funds were directed to an address containing 14.6 million NEO or about $ 100 million. The project does not disclose who controls this address and what fate awaits the released tokens.

White paper Neo suggests that project costs in any given year should not exceed 15 million tokens. In the near future, a financial report for 2019 will be published.

At the time of publication, NEO is the 23rd largest asset on the market with a capitalization of $ 479 million. The price of one NEO is $ 6.79.