Interchain Foundation Sells 3,000 ETH, Boosting Total Sold to 21,600 ETH Since April

In a significant move observed on November 22nd, on-chain data analytics firm ChainInfo reported that the Interchain Foundation, a key developer within the Cosmos ecosystem, liquidated another 3,000 ETH accrued from their April 2017 initial coin offering (ICO). This latest transaction contributes to a staggering total of 21,600 ETH sold since the close of April 2023, which equates to approximately $55.97 million at an average price point of $2,591 per ETH. As of now, the foundation’s remaining digital asset holdings include 383.8 BTC and 23,587 ETH, collectively valued at about $95.48 million. This strategic divestment raises questions about future liquidity and ongoing development initiatives within the Cosmos network.