Cosmos Developer Sells $55.97 Million in ICO ETH

Ember Monitoring, an on-chain data analyst, has reported that the Interchain Foundation, a developer for the Cosmos project, has sold 3,000 ETH that were raised during their ICO in April 2017 within just one hour. This brings their total sales to 21,600 ETH since the end of April this year, which amounts to $55.97 million.

The foundation is currently holding 383.8 BTC and 23,587 ETH, which are valued at $95.48 million.

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