Hundreds of thousands of Ethereums are sold: Here’s why ETH is sold! Ethereum (ETH) has lost tremendous value in the morning hours today. The price on bitfinex was ana a loss from the value of about 100 dollars. The reason for this came later. The EOS team sold hundreds of thousands of Ethereums and ETH prices went down.
Hundreds of thousands of Ethereums are sold: Here’s why!
On Bitfinex’s stock exchange platform, the price of Ethereum fell to $ 490 in a short period of $ 580. Bitfinex ahead one hour 20,000 seen as ETH trading volume suddenly 180000 eth’y output. This clearly shows that one of the OKEx and GDAX exchanges trades a very large amount of ETH on Bitfinex compared to a transaction volume of about 20,000 ETH.
Some say that the sales pressure is derived from insider information. However, in this case it was expected that there would be a sale on all stock markets. But this was only seen in Bitfinex. In addition, the ETH price fell below $ 520 on the OKEx and GDAX exchanges, even below $ 500 on Bitfinex. The data show that the EOS team suddenly sold 300,000 ETHs. The EOS team also reported that they spent 1.4 million ETHs in the last 30 days.
EOS team sold hundreds of thousands of Ethereums and ETH prices went down
Bitfinex is now campaigning to be a kind of miner called block producer at EOS, which shows a close relationship between currency and crypt money. This important sales press came at the same time Binance opened new trading pairs for EOS. In the meantime, EOS will switch to its own home network in about a few days.