"The MT Gox trustee has sold 35,841 BTC for $362 million and 34,008 BCH for $45 million according to reports coming out of a creditors meeting held earlier today."
Sales started in December and ended in February.
h/t @girevikcaphttps://t.co/3nbPvJ96Z2
— Matt Odell (@matt_odell) March 7, 2018
Keep in mind, MT Gox holdings was only 0.2% of circulating coins. While trading volume is a lot lower, I wonder how much of the sales really had on price.
Will be interesting to see if how sentiment is affected. One thing for sure is, this is a good reminder to keep your coins secure.
Also, keep in mind that just because a coin is ICO, does not mean the price is not inflated.
Make 1000 tokens.
Keep 700 & give 1 to the first 300 people who ask, then buy 10 tokens back at $10 each.
You’ve spent $100.
Token market cap is $10k & you made $7000 on paper…from a $100 investment.
Add money, hype, FOMO, greed, marketing, multiply by 10,000
That’s many ICOs.— Bruce Fenton (@brucefenton) January 23, 2018