{"id":138743,"date":"2024-10-07T09:30:48","date_gmt":"2024-10-07T06:30:48","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138743"},"modified":"2024-10-07T01:23:44","modified_gmt":"2024-10-06T22:23:44","slug":"crypto-project-liquidates-9-5-million-in-eth-amid-ongoing-sales","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-project-liquidates-9-5-million-in-eth-amid-ongoing-sales\/","title":{"rendered":"Crypto Project Liquidates $9.5 Million in ETH Amid Ongoing Sales"},"content":{"rendered":"<p>The Interchain Foundation, responsible for the Cosmos (<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/cosmos\/\">ATOM<\/a><\/strong>) network, recently <strong><a href=\"https:\/\/medium.com\/@solidity101\/interchain-foundation-sells-4-000-eth-implications-for-cosmos-developers-6d5f71652e8f\" target=\"_blank\" rel=\"nofollow\">sold<\/a> <\/strong>4,000 <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">ETH<\/a><\/strong>, valued at around $9.5 million, as revealed by data from analytics platform Ember.<\/p>\n<p>This sale is part of a broader trend, with the foundation liquidating 15,100 ETH, totaling approximately $37.09 million since late April this year.<\/p>\n<p>During its Initial Coin Offering (ICO) in April 2017, the foundation raised 4,882.7 BTC and 246,891 ETH. Since then, it has sold 4,499 BTC and 223,305 ETH, generating an estimated $132.2 million.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-analyst-shares-bullish-outlook-on-and-two-other-altcoins\/\" title=\"Crypto Analyst Shares Bullish Outlook on Solana and Two Other Altcoins\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/04\/solana-171-med-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Crypto Analyst Shares Bullish Outlook on Solana and Two Other Altcoins<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Despite these sales, the foundation retains substantial holdings of 383.8 BTC and 23,587 ETH, valued at about $56.78 million.<\/p>\n<p>The proceeds from these sales are often allocated to developers and projects to promote the ongoing development of the network\u2019s ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A notable cryptocurrency foundation has made headlines after liquidating a significant amount of Ethereum. <\/p>\n","protected":false},"author":7,"featured_media":97487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-138743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with 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