Ethereum Price Crash Following Record Breaking ICO
Ethereum Selloff Following Filecoin Coin ICO
The Price of Ethereum is experiencing a sharp selloff following the record breaking ICO from from FileCoin, which raised an astounding $257 million US. This surpassed the previous record set by Tezos, who were able to raise $200 million US.
Ethereum Price Crash Due To Selloff
We can only speculate whether the sell-off was sparked by a dump from the Filecoin Team. However, the situation is quite similar to when the ICO craze came to a head during the time following the Bancor Protocol and Tezos ICO’s, where prices dropped significantly. The crash from the initial sell of was second to the chaos that ensued, such as the “Flash Crash” on GDAX and network traffic issues with transaction times.
Ethereum Live Price and Coin Market Cap
Ethereum Price Charts – Poloniex, Bittrex and BTC Markets