Nearly $ 1 billion worth of Ethereum is in ICO projects

[ZedBinh]

ICO projects currently hold 3,330,390 Ethereal (ETH), equivalent to nearly $ 1 billion - at current Ethereum prices.

http://tinyimg.io/i/WZohkhD.jpg

The ICO-funded projects currently hold 3,330,390 Ethereal (ETH), with 16,400 ETH sold last week, worth $ 4.5 million.

According to data from the Santiment, Digix is ​​the largest Ethanol Holder (after the Ethereum Foundation) with about 470,000 ETHs worth $ 130 million, which is larger than the market capitalization of the Token.

http://tinyimg.io/i/wv7GJJG.jpg

Golem came in second with 360,000 Ethereum worth about $ 100 million, just below the $ 140 million a cap.

The third largest ICO in the ICO is the Status with 253,000 ETHs worth $ 70 million, while the capital stock is $ 130 million.

In a recent study, more than 3 million ETH are being held by ICO projects, of which Ethereum Foundation holds 660,000 ETH.

Most of the projects sold their stock of Ethereum stock including OmiseGo with 71,000 ETH sold. ETH selling of ICOs is slowing, while the peak of selling is in May. The amount of ETH traded in cash also remained high despite a downward trend

[Cryptagio]

Why do you spell Ethereum a new way each time? Ethanol

[benonturya]

This could be true coz nearly 98% of icos are ran on ether block chain and they need the ether smart contract wallets to ran,therefore ether is sold for all these icos and this has led a great drop down of ETH more within this space

[siddartha1492]

That's a good spreadsheet to study which projects have more ETH and how are they contributing to the ETH and crypto ecosystem in general. Sadly a lot of scam ICOs also have a great deal of ETH with them which they keep dumping whenever they wish. Then we have these stupid ponzi games which have been getting quite popular lately, and they also have giant heaps of ETH with them. Personally I don't think ETH will gain high value this bull season.

[seoincorporation]

Pleas don't forget to post your source. If this is true then icos are the right way to get a ton of ETH now day's, and it's normal to see icos selling their stock because they need bitcoin to support their coin once it join to a exchanger and they need money to send to their pockets too  

Personally i don't like icos at all is hard form me to trust them, but with this nice amount of money i should get more involved with them.

[sockpuppet1911]

Interesting article on the subject https://medium.com/d2-capital/imminent-firesale-of-eth-held-by-icos-278a6cf914

[Viscera]

Thanks this is useful, However can you add where you got this link? Source? Most of the ICO's right now are having a hard time to reach hard cap. That's why i buy alot of coins when they get listed on several exchanges, Real use project or something that can be use by alot of people is a main thing for me.

[wack slacker]

WOW, I am amazed to know this.
I know ICOs in this year are very successful, but don't think they still hold that much ETH
even when the price under 300$, still 1B worth of ETH are being held
hope this news bring some light to the market.

[Bttzed03]

Wow! That is a lot. The numbers shows that many are confident with the platform. It would have been better if you posted links of your sources so we could also check.

[Omela44]

That's really a lot of money invested there. I'm kind of impressed.

[BQ]

isn't this part of the reason why eth is dropping more and more in comparison with btc? icos wants to sell off and it's like dominos.. not good for the economy 

[hasimkamal]

thank you so much for sharing this news with us, it will be very helpful for the users and I am glad with the market success but I am afraid that I still don't have much update about the news so I will really looking forward for your reviews

[annasadia]

This is really a good news based on this ETH is in the top in case of ICO projects. Also this is a blessing for people because they can get little hope based on this market condition.

[taylorsara]

Actually this is good news for the ICO investors mainly because ETH is holding the first position in the market based on ICO projects also such types of news is very important to investors because of current market situation.

[cryptojohnn7]

According to the recent researches of Santiment, the ICO projects holds Ethereum worth 1 billion dollars. Apart from Ethereum Foundation, the ICO project that holds largest ethereum balance is DigixDao. Golem, Status, Aragon are the next largest Ethereum holding ICO project.

[cryptojohnn7]

This is a good thing to see that ETH is at the top when it comes to the ICO projects. Moreover it gives people a sense of hope that the coin does have potential value despite the fall it took a couple of weeks back.

[blockchain-man]

It's great with this number. It also demonstrates that more and more projects have trusted the choice of ETH technology as the basis for development. At the same time, ETH becomes popular and handy in the cryptographic market.

[btcscal]

The ICO-bolstered exercises at demonstrate hold 3,330,390 Ethereal (ETH), with 16,400 ETH sold seven days back, worth $ 4.5 million.

[Vengeance007]

ICOs are the future of the crypto market there is no doubt about it. Because people are prone to invest into some collaborated ventures for more. That’s why ICO’s fields are increasing 

[RottenSteel]

I believe there is great potential that the whole market will be dominated by ICOs. Because big whales who have enormous amount of crypto are behind these ICOs and backs projects to make it popular to the investors