Ethereum’s ICO Whales Can Crash the Market at Any Time
For those who are investing in ICO's~
Crypto whales are generally thought of as wealthy traders with the ability to move markets via a single sell order. Yet the greatest whales of all aren’t traders but ICOs which own millions of ether worth billions of dollars. Over 3% of the total ethereum supply is estimated to be in the hands of ICOs, and when those projects cash out, as periodically happens, the effects can be dramatic.
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For future viewers: price of bitcoin at the moment of posting is 8580.00USD