Cosmos Developer Interchain Foundation Sells 3,500 ETH as Holdings Exceed $76 Million

BTC

BTC/USDT

$65,958.00

+2.78%

$65,958.00

+2.78%

(24s)

24h Volume

$17,127,528,947.20

24h H/L

$66,008.00 / $63,100.00

Change: $2,908.00 (4.61%)

Long/Short

56.3%

Long: 56.3%Short: 43.7%

Funding Rate

+0.0057%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$65,872.45

▲ 0.95%

Volume (24h): -

Resistance Levels

Resistance 3$69,289.38

Resistance 2$68,089.48

Resistance 1$66,797.37

Price$65,872.45

Support 1$64,925.30

Support 2$63,848.74

Support 3$62,019.17

Pivot (PP):$64,718.17

Trend:Uptrend

RSI (14):59.1

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.