ICO Treasury Balances
State of Play
Ethereum has dropped 70% in price from the start of last year when ICO treasuries saw massive activity with withdrawals being the highest they ever were this year. The bear market has made November the largest withdrawal period this year on the back of an 82K ETH drawdown by Tezos. Aragon, also a top holder, has moved a near 40k into a Dai CDP to protect it's holdings from the increased volatility seen in recent weeks. As a whole, 24% from the start of the year has moved from the 100 wallets assessed in the table below. But what was worth $3Bn is now only $350Mn.
Month-on-Month ETH ICO Treasury Net Withdrawals
Update Frequency: Hourly
Start of Month ETH Holdings
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