The Cosmos developer sold another 3000 ETH an hour ago
According to on-chain analyst Yu Jing, Cosmos developer Interchain Foundation sold another 3,000 ETH an hour ago, worth approximately $10.16 million. These ETH originated from the IC0 fundraising in April 2017. Since the end of April this year, the developer has sold a total of 21,600 ETH, cashing out approximately $55.97 million at an average selling price of $2,591.
Currently, the developer still holds 23,587 ETH and 383.8 BTC with a total value of about $95.48 million. However, Cosmos's native token $ATOM is underperforming; its price has dropped from $10 when BTC fell to $16k at the end of 2022 to its current price of $6.5.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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