ICOs Sold 160,000 Ethereum Over the Past 10 Days

[ronnis.gomes]

This is one of the problems with Ethereum, because the projects need money and they sell ETH according to their needs and they dump at any moment

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[deadthings]

Of course, these numbers may be true, which would mean that investors are again starting to trust in cryptocurrencies and that the downward trend of the entire market is reversed. This is very positive information, but such changes in the trend are very often only momentary, so before we start to enjoy, let's wait for the price reports from the entire Q4.

[daviost]

So thats why I think we need a regulation to regulate about the ICO. Before they announced about their ICO stage, they must finish being audited if their project is really good or not or only try to scam people. If the regulation not coming out to regulate the ICO, i think they will damage the crypto world credibility.

[godfathers]

Yeah i really agree it, The 160,000 ETH tokens sold in the course of recent days add up to $33 million, as indicated by the value file at press time. Per Trust Nodes, ICO ventures sold 82,000 Ethereum on September 4, which was trailed by a sharp decrease in crypto markets. Normal day by day eth deals from ICO changed from 1,000 to 5,000 coins in August, with infrequent deals around 10,000 ETH. Conversely, a similar measure of 10,000 ETH turned into an unmistakably regular day by day deals volume in September.Earlier this week, Coin telegraph revealed that financing for ICOs have seen its hardest decrease in 16 months. In August, ICO new companies raised $326 million, the littlest sum since May 2017.

[hell_slayer]

Past ICO's is one of the main reasons of massive ethereum dump . "Weak hands" who hold lots of eth received from investors can instantly dump price if they want to sell their coins in one moment. This causes a panic in the market and scares off new investors, I hope that when all these projects sell their coins, the price of ethereum will stop falling so hard on market fluctuations

[Bavaria]

Yeah i really agree it, The 160,000 ETH tokens sold in the course of recent days add up to $33 million, as indicated by the value file at press time. Per Trust Nodes, ICO ventures sold 82,000 Ethereum on September 4, which was trailed by a sharp decrease in crypto markets. Normal day by day eth deals from ICO changed from 1,000 to 5,000 coins in August, with infrequent deals around 10,000 ETH. Conversely, a similar measure of 10,000 ETH turned into an unmistakably regular day by day deals volume in September.Earlier this week, Coin telegraph revealed that financing for ICOs have seen its hardest decrease in 16 months. In August, ICO new companies raised $326 million, the littlest sum since May 2017.

Well, at least we know almost exactly that ethereum will start to recover when this ICOs sell-off their eth.

[aces777]

This is what I am saying, so many people want to swear that the icos are not affecting the price of ethereum when in reality, it is actually the thing that is causing the drop in prices of the coin. The tokens are taking out so much money from the market and they are affecting the price of ethereum as they are doing so. They need to regulate the creation of tokens

[pokxon]

ICO is the main cause of ETH dumping. Large amounts of ETH are sold by projects and traders do not know this. They are destroying the market instead of helping it grow