Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: what is the cause of this dump..
by
panoramx
on 13/09/2018, 13:05:42 UTC
Quote from: Xuaquing141 on September 13, 2018, 12:21:01 PM
According to information from some crypto channels, this downtrend is due to some ICO issuers have brought the ETH number and sold out on the exchange. Other negative news, such as the Okex exchange owner arrested in China, also caused the market to decrease


It seems the news about the owner of Okex who was arrested in China is a fake news, but obviously this news has still created a panic sell:
https://ethereumworldnews.com/okex-reports-founders-arrest-fake-news/

Regarding the decline of ETH, a study was done, it seems that the cause of this huge decline is not really related to the fact that several ICO sold their ETH collected:
https://www.ccn.com/icos-arent-cashing-out-their-cryptocurrency-warchests-yet-research/