News

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Key Points:

  • Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO.
  • Interchain Foundation’s crypto reserves are valued at $95.48 million.
Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold this year, holding $95.48M in BTC and ETH reserves.

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Cosmos developer Interchain Foundation sold the 3,000 ETH it raised during its initial coin offering in April 2017. This is part of the broader strategy that has seen the foundation sell 21,600 ETH since late April 2023, raising approximately $55.97 million. With an average sale price of $2,591 for each ETH, the foundation has well-exploited market conditions, according to EmberCN.

This activity underlines the continuous efforts of the Interchain Foundation in managing its crypto assets while supporting its initiatives. Despite these sales, the foundation still holds considerable reserves, underlining its financial strength and strategic foresight in navigating the cryptocurrency market.

Read more: Cosmos Developers Cash Out $9.5M in ETH, Triggering Market Shifts

Interchain Foundation Holds $95.48M After Selling ICO ETH

Despite the recent sales, Interchain Foundation still has $95.48 million in crypto reserves, comprising 383.8 BTC and 23,587 ETH. These reserves emphasize the foundation’s very good financial health for undergirding resources toward its future projects and operational goals. It positions itself as a well-capitalized player in the crypto space.

The foundation’s decision to sell 21,600 ETH since April this year demonstrates a prudent strategy of reaping value from its ICO proceeds. This continued asset management testifies to a balance between liquidating for operational needs and retaining substantial reserves for long-term stability.

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.

Recent Posts

Best New Meme Coins to Join for 2025: BTFD Coin Leads, Popcat Keeps It Purr-fect, and Non-Playable Coin Hits Gamers Hard

Discover the Best New Meme Coins to Join for 2025. BTFD Coin's price rollback offers…

8 minutes ago

Solana memecoins crash while DTX Exchange hits 100,000 TPS on layer-1 blockchain

Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…

53 minutes ago

Strategic Bitcoin Reserve Expected to Cut 35% of US National Debt by 2049

VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…

59 minutes ago

The New Lead of Presidential Crypto Council Appointed by Trump Is Bo Hines

President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.

1 hour ago

Best New Meme Coins with 1000X Potential: BTFD Coin’s Hot BIG50 Discount As Baby Doge Coin, Dogs Takes Gaming to the Next Level

Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…

2 hours ago

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

4 hours ago

This website uses cookies.