Over 400,000 ETHs have moved the ICO Ethereum portfolios in the last month

Data from cryptographic resources data and from the Santiment software development company show that over 400,000 ETH He left his wallets in the last 30 days, with SingularDTV, Aragon and the Kobe network that led the sale.

Although there is no confirmation, these funds were sold after being moved. Based on Santiment data, ETH The exodus from the ICO team portfolios has been much higher in the last thirty days than in previous periods.

On average, there are about 70,000 unique addresses that are added every day, which shows that the Ethereum network is still growing. However, this should not be misunderstood for the active Ethereum addresses, which have declined significantly. The number of active Ethereum addresses, addresses that sent or received Ethereum transactions on a given day, decreased by a significant 68% from its peak, one of the serious repercussions of the bear market that Ethereum underwent.

Cointelegraph, who stopped the study, notes that:

"According to a study by ICO ICORating analysis company in mid-November, not only do ETH outflows appear on the rise, but the sector as a whole has seen a decline in initial funds raised in the third quarter of this year."

In particular, Santiment does not sample the ETH data up to the exchanges, which implies that the traced data are intended for the sale of assets. They gave a breakdown of the portfolios and classified the ICO teams in the following order.

Santiment is a platform for accessing cryptocurrency data, sharing information and learning how encryption markets work. We are introducing researchers, traders, developers … a group of experts who share the same opinion and who know how to work with this data. They are building simple interfaces around data to turn them into more digestible forms.

The cryptocurrency market has seen a bad year, although each asset has treated it differently. Bitcoin has had some of the least amounts of damage, accounting for 83% of losses, which is still quite steep. However, to be one of the top three cryptographic assets by market capitalization, the 94% loss of Ethereum is substantial. Its performance has reached below the Ripple XRP token and many analysts believe that this downward path is justifiable.