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Cosmos developer Interchain Foundation continues to sell 3,000 ETH
Golden Finance reported that according to on-chain analyst Yu Jin’s monitoring, 1 hour ago, Interchain Foundation, the developer of Cosmos, continued to sell 3,000 ETH (worth $10.16 million) raised in the April 2017 ICO. Since the end of April this year, they have sold a total of 21,600 ETH (worth $55.97 million) at an average price of $2,591. They currently hold 383.8 BTC and 23,587 ETH, worth $95.48 million. Cosmos developers continue to sell ICO assets, but their Token ATOM is one of the worst performing mainstream altcoins in this round of market. It belongs to the type of investment that bought in at 16,000 BTC and is still losing money now (when BTC was priced at 16,000 at the end of 2022, the price of ATOM was 10, and now the price of ATOM is 6.5).