[ad_1]
The first coin offerings (ICO) carried out transactions on Ethereum (ETH) at dizzying speeds, with over 400,000 ETHs coming out of the portfolios in the last 30 days alone, according to cryptographic resources data and the software development company Santiment published December 17.
Ethereum has emerged from the ICO team portfolios from 18 November to 17 December 2018. Source: Santiment
The example of Santiment data in particular does not track the ETH "until the exchange", with the metric therefore not a hard and fast confirmation that the ETH is necessarily subsequently sold: Santiment therefore qualifies the data as a "suggestion" of "possible sale" activity. "
The three-month chart by Santiment for ETH out of the ICO team's portfolios reveals a significant increase in spending over the previous 30 days, compared to data from mid-September to mid-October and from mid-October to mid-December:
Ethereum has emerged from the ICO team's portfolios from 18 September to 17 December 2018. Source: Santiment
Santiment provides a breakdown of the specific portfolios in its sample, classifying ICO teams based on the amount of ETH "spent" over the thirty days. According to its rankings, SingularDTV – a blockchain platform for the entertainment industry – has reached the top of a total of 39 projects, "spending" 60,370 ETHs since mid-November: the team's portfolio still holds around 165,000. ETH, after reporting having raised an initial 585.430,62 ETH in its sale of tokens.
Balances of the Ethereum portfolio. Source: Santiment
Other important "sellers" of ICO ETH last month are Aragon (50,000 ETH), Kyber Network (47,290 ETH), Friendz (40,870 ETH) and Status (40,000 ETH).
The two ICO projects with the highest ETH holdings in the Santiment sample – DigixDAO and Golem – have respectively 395.430 ETH and 369.020 ETH: neither has sold any ETH in the last thirty days.
According to a study conducted by the ICO ICORating analysis company in mid-November, not only ETH flows appear to be increasing, but the sector as a whole has seen a decline in initial funds raised in the third quarter of this year. The ICORating data indicated that the third quarter of 2018 saw 597 ICOs increase over $ 1.8 billion, a significantly lower value than the over $ 8.3 billion reported in the previous quarter.
In the US context, analysts of recent trends have indicated the tightening of the fund-raising model by the US Securities and Exchange Commission (SEC) putting at risk "hundreds" of projects and persistent regulatory ambiguity.
At the time of printing, ETH traded at $ 91, up about 4.4% over the day, but close to 50% down from the month, according to the Ethereum Price Index of Cointelegraph.
[ad_2]Source link
