EOS holds huge amount of ETH. What will they do with it?

[BITSPANISH]

I think the EOS hold ETH did not affect the Ethererum rate. Since there are a lot of projects based on Ethereum on the cryptocurrencies market, EOS and other altcoins hold ETH as a signal that ETH is becoming increasingly important and famous in the cryptos market. So if you have free money, you should invest in ETH right now.

[khufuking]

I believe I read somewhere that they already dumped good amount of ETH in the market , I am not following EOS but in the same article that I read ( I do not know if it is valid or not ) I also read that they plan on huge dump to try to effect ETH . I will try to find the article and post here if I had any success finding it .

[shone08]

I think the EOS hold ETH did not affect the Ethererum rate. Since there are a lot of projects based on Ethereum on the cryptocurrencies market, EOS and other altcoins hold ETH as a signal that ETH is becoming increasingly important and famous in the cryptos market. So if you have free money, you should invest in ETH right now.

I also think that theres a lot ofethereum based project that raised a huge amount of ethereum but did not affect the ethereum rate.
Eos is my favorite altcoin so far this coming june their platform will launched  some expert say that eos is ani ethereum.

[Primal6666]

Since EOS launches its coin on Ethereum platform, they own ETH in billions of USD value.

 They can play games with it and influence the price of ETH if they want.

 What do you think  they will do with this amount of ETH? Is it not dangerous situation for the ETH?

If you are hinting that they will start lowering the price of a competitor, for their own promotion, then I doubt that they are going to do it. At last, in percentage terms, relative to the total amount of the Ethereum, they do not have much. I believe that this is investments, and they will spend the on the promotion of their project, and not on the drop down of prices.