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ICO treasuries now hold a little over 3.57 million ETH, roughly 3.5% of the total Ethereum supply
The ETH selloff hasn’t been as drastic as many anticipated
In the last two months, ICO treasuries liquidated (or moved) 172,000 ETH (4.6% of total treasury holdings)
In aggregate, ICOs have moved or liquidated 64% of the amount that they initially raised
The popular narrative that ICOs are selling their ETH reserves is inaccurate
Footnotes
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