The post Cosmos Developer Interchain Foundation Sells 3,500 ETH as Holdings Exceed $76 Million appeared on BitcoinEthereumNews.com.

According to a recent report by COINOTAG, the on-chain analyst Ember revealed that the Interchain Foundation, a developer within the Cosmos ecosystem, divested another 3,500 ETH, equating to approximately $8.72 million, just eight hours prior. This transaction highlights a strategic liquidity approach as the foundation now retains close to 383.8 BTC and 20,087 ETH, cumulatively valued at $76.68 million. Notably, these assets were initially acquired through their initial coin offering (ICO) back in 2017. The deliberate asset management displayed by the Interchain Foundation may signal a shift in funding strategies within the blockchain sector, as developers continue to navigate the evolving crypto landscape while optimizing their investment portfolios. Source: https://en.coinotag.com/breakingnews/cosmos-developer-interchain-foundation-sells-3500-eth-as-holdings-exceed-76-million/

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Filed under: News - @ November 3, 2024 12:57 am