Topic: WHY DID ETHEREUM DROP ALMOST 10% TODAY? (Read 217 times)
The typical FUD and dumb people selling into the lows lol
This market (cryptocurrencies) is been influenced by many factors and we should expect up and down of the market. One thing that I have find out is that bitcoin is going to be having the greatest impact on others cryptocurrencies and if it is falling other coins will also be falling.
There could be one of many reasons, i haven't checked the Mt Gox legal sell of account recently,
The prior drops in total price were caused by them selling 10,000+ Bitcoin at once across exchanges from memory.
if you like the tech it shouldn't be too much of an issue, if your here as an investor you can either cut your losses and take what you still have, or wait for the markets to recover, but they may well dip further.
The prior drops in total price were caused by them selling 10,000+ Bitcoin at once across exchanges from memory.
if you like the tech it shouldn't be too much of an issue, if your here as an investor you can either cut your losses and take what you still have, or wait for the markets to recover, but they may well dip further.
I think by now people should have understand the strong impart Bitcoin has over the market, it is funny that BTC will drop in value by 1% and Altcoin would lose 2%, I still think people still trust BItcoin more than Altcoin but huge reward is just in Altcoin space, 5X, 10X and even more than 20X in some ICO
The press writes that the current drop in prices on the market is connected with the hacking of the South Korean exchange Coinrail, during which altcoins were stolen for the amount of about $ 40 million. At the same time, the exchange is on the 98th place by rating, is it able to arrange the weather on the market?
Can anyone tell me why all coins have almost the same price trends even though they have very different algos.
BTC is the initiator it seems. When it rise, every other crypto coin rises. Very predictable.
So if BTC becomes $500k as predicted by some, can I say EOS or Eth and all other coin will increase in value exponentially too?
Or am I are lead to believe the fluctuation is independent. The price graph trends says otherwise.
Go to sites like Coingecko and see the graph trends in one page. Looks more or less similar.
BTC is the initiator it seems. When it rise, every other crypto coin rises. Very predictable.
So if BTC becomes $500k as predicted by some, can I say EOS or Eth and all other coin will increase in value exponentially too?
Or am I are lead to believe the fluctuation is independent. The price graph trends says otherwise.
Go to sites like Coingecko and see the graph trends in one page. Looks more or less similar.
That is correct. Bitcoin is the gold standard of which all of the other coins are traded. When money is pulled out of the market in fear, it leaves less money to be traded into alt coins. Hence why the price drops when Bitcoin price drops and the price increases when Bitcoins price increases. It's all based around the market cap.
Ethereum is currently trading around $515, down 8.49 percent over a 24 hour period at press time.
Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.
TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.
Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.
According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.
Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says
what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.
The information above was from the site listed we did not write those statements.
Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.
TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.
Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.
According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.
Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says
what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.
The information above was from the site listed we did not write those statements.
Others said it is because of bitcoin value who goes up and down results for the ethereum to drop.
Base from the marketing knowledge I learned here are the reasons why.
1. It is because of the investors its ethereum or bitcoin tbis is the same reason why.People buy coins and sell.
They trade coins and come up to the decisions of holding.
In general
The value of market moves many people do this the same time
1)They Hold.
2) They Buy.
3) They Sell.
4) They do day trading.
Also the prices of coins got its supply and demand not just in foods also in coins.
Ethereum is currently trading around $515, down 8.49 percent over a 24 hour period at press time.
Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.
TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.
Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.
According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.
Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says
what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.
The information above was from the site listed we did not write those statements.
Today is the real 10%. Today is June 11, 2018. Today is a waterfall. This is really exciting. I think it may continue to decline! How to do it? Do you have a good way? Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.
TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.
Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.
According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.
Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says
what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.
The information above was from the site listed we did not write those statements.
Ethereum is currently trading around $515, down 8.49 percent over a 24 hour period at press time.
Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.
TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.
Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.
According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.
Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says
what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.
The information above was from the site listed we did not write those statements.
Someone said EOS crashes the ETH. But the main reason why coins are falling is bitcoin. Bicoin falls , every coin follows. EOS is just one of element making ETH to fall even severe. Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.
TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.
Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.
According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.
Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says
what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.
The information above was from the site listed we did not write those statements.
Can anyone tell me why all coins have almost the same price trends even though they have very different algos.
BTC is the initiator it seems. When it rise, every other crypto coin rises. Very predictable.
So if BTC becomes $500k as predicted by some, can I say EOS or Eth and all other coin will increase in value exponentially too?
Or am I are lead to believe the fluctuation is independent. The price graph trends says otherwise.
Go to sites like Coingecko and see the graph trends in one page. Looks more or less similar.
BTC is the initiator it seems. When it rise, every other crypto coin rises. Very predictable.
So if BTC becomes $500k as predicted by some, can I say EOS or Eth and all other coin will increase in value exponentially too?
Or am I are lead to believe the fluctuation is independent. The price graph trends says otherwise.
Go to sites like Coingecko and see the graph trends in one page. Looks more or less similar.
Yes. It's all based on BTC. You'll notice almost all of the alts will make moves when BTC does. There's a couple of coins that will do weird things every now and then, but for the most part, they all make moves when Bitcoin does. You are exactly right to believe that it's the indicator.
The drop was normal however I am surprised that we are at the ATH for ETH shorts on Bitfinex.
Honestly I assumed there was some insider trading going on and on Tuesday there was going to be a report out saying that "ETH is a security" and most exchanges could no longer trade it.
Its still on the table since ETH was actually an ICO even though its POW now. Bitcoin is fully POW since Satoshi mined the first block.
Honestly I assumed there was some insider trading going on and on Tuesday there was going to be a report out saying that "ETH is a security" and most exchanges could no longer trade it.
Its still on the table since ETH was actually an ICO even though its POW now. Bitcoin is fully POW since Satoshi mined the first block.
Can anyone tell me why all coins have almost the same price trends even though they have very different algos.
BTC is the initiator it seems. When it rise, every other crypto coin rises. Very predictable.
So if BTC becomes $500k as predicted by some, can I say EOS or Eth and all other coin will increase in value exponentially too?
Or am I are lead to believe the fluctuation is independent. The price graph trends says otherwise.
Go to sites like Coingecko and see the graph trends in one page. Looks more or less similar.
BTC is the initiator it seems. When it rise, every other crypto coin rises. Very predictable.
So if BTC becomes $500k as predicted by some, can I say EOS or Eth and all other coin will increase in value exponentially too?
Or am I are lead to believe the fluctuation is independent. The price graph trends says otherwise.
Go to sites like Coingecko and see the graph trends in one page. Looks more or less similar.
Yes. It's all based on BTC. You'll notice almost all of the alts will make moves when BTC does. There's a couple of coins that will do weird things every now and then, but for the most part, they all make moves when Bitcoin does. You are exactly right to believe that it's the indicator.
Ethereum is currently trading around $515, down 8.49 percent over a 24 hour period at press time.
Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.
TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.
Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.
According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.
Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says
what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.
The information above was from the site listed we did not write those statements.
Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.
TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.
Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.
According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.
Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says
what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.
The information above was from the site listed we did not write those statements.
Now the price of Ethereum is again start to increase.The price crossed the value of 570$,this increase the investors in Ethereum.Ethereum is the top most crypto currency and next to bitcoin.In a month , price of Ethereum is doubler from 410$ to 800$.Their will not huge drop in the price of Ethereum
Ethereum is currently trading around $515, down 8.49 percent over a 24 hour period at press time.
Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.
TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.
Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.
According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.
Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says
what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.
The information above was from the site listed we did not write those statements.
I think investors have no confidence in ETH and sell them off. That is the simplest reason we can know.Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.
TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.
Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.
According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.
Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says
what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.
The information above was from the site listed we did not write those statements.
Strong fluctuations are normal in the Crypto market. Or we can see that is a market manipulation action.
EOS is going to sell. In conclusion, all projects have cash needs to meet others.
Ethereum is currently trading around $515, down 8.49 percent over a 24 hour period at press time.
Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.
TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.
Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.
According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.
Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says
what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.
The information above was from the site listed we did not write those statements.
if the news is true, it means that Ethereum got two pressures in the past few days, the first is market correction due to Bitcoin prices and the last is price pressures due to ETH's big sales from the EOS team, it's amazing for Ethereum because the market gets big pressure but its price just down less than 9%Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.
TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.
Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.
According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.
Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says
what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.
The information above was from the site listed we did not write those statements.
Ethereum is currently trading around $515, down 8.49 percent over a 24 hour period at press time.
Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.
TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.
Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.
According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.
Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says
what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.
The information above was from the site listed we did not write those statements.
There are more tha 1 millions ethereum remaining. It's around 500 millions dollar again, and as you can see that https://www.ccn.com/eos-ico-approaches-4-billion-after-year-long-crowdsale/Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.
TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.
Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.
According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.
Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says
what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.
The information above was from the site listed we did not write those statements.
4 billion has reached by the team to develop a crap blockchain with common spesification. I can do that to create a new one for free lol
That doesn't make sense to create a blockchain with 4 billions.
Ether only need 16 millions to create a big ecosystem right now.
Can anyone tell me why all coins have almost the same price trends even though they have very different algos.
BTC is the initiator it seems. When it rise, every other crypto coin rises. Very predictable.
So if BTC becomes $500k as predicted by some, can I say EOS or Eth and all other coin will increase in value exponentially too?
Or am I are lead to believe the fluctuation is independent. The price graph trends says otherwise.
Go to sites like Coingecko and see the graph trends in one page. Looks more or less similar.
BTC is the initiator it seems. When it rise, every other crypto coin rises. Very predictable.
So if BTC becomes $500k as predicted by some, can I say EOS or Eth and all other coin will increase in value exponentially too?
Or am I are lead to believe the fluctuation is independent. The price graph trends says otherwise.
Go to sites like Coingecko and see the graph trends in one page. Looks more or less similar.
Correct, All altcoins are pretty much measured against BTC. So as long as the the altcoin, say NEM for example stays the same compared to BTC and BTC goes up 10x then in $$ wise NEM would be worth 10x more. Even thou it's still the same value compared to BTC.
Ethereum is currently trading around $515, down 8.49 percent over a 24 hour period at press time.
Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.
TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.
Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.
According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.
Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says
what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.
The information above was from the site listed we did not write those statements.
Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.
TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.
Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.
According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.
Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says
what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.
The information above was from the site listed we did not write those statements.
thanks for information.
i read it on twitter too, eos team will sell large eth in this week. i am waiting to go eth under 500 dollars in this weekend. because there are big buyers when eos is selling eth in last 3 days but on weekend there will be no big buyers and eth will drop
Yeah you are right, probabilly the one of the causes of this dump is the EOS team, they raised an huge quantity of ethereum during their ICO and now they have to sold for pay their expenses, in my opinion that's dangerous because they can manipulate the market like an huge whale
From what I can deduce from what you said that means EOS team are the ones crashing the price of Ethereum or what, for me, I don't know what people expect, when all these developers collected millions of Ethers, they need to sell, I think the pressure from ICOs is having significant effect on the price of Ethers
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