CRYPTO News- The Ethereum Genesis Block is cashing out

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80% premined Ethereum’s Genesis Block (Specifically, the block that allocated to the founders 12 million free coins) is cashing out as the price of Ethereum tanks into oblivion.

etherscan.io/address/0x9d2BFC36106F038250c01801685785b16C86C60D

It’s always nice to be at the top of a pyramid. The bottom ‘Hodlers’ will get REKT.

 

Ethereum was 72,000,000 coin premined.

12 million blatantly went into a founder’s wallet – the other 60 were allegedly sold in an ICO – however it is impossible to prove exactly who owned the most of it. I followed the Ethereum ICO – it had many abnormalities; for instance, the ICO ran for many months, but the majority of the coins were ‘sold’ within the span of a few days in ‘spikes’. Indicating a single large purchaser or group buy.

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I’ve always suspected JP Morgan bought alot of these coins and helped pump them up through advertising fraud, only to dump them at the peak. That’s why the so-called ‘Ethereum Enterprise Alliance’ was formed.

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It’s incredible that the SEC decided to go after all these ‘other’ ICO’s, yet they declared they’d leave Ethereum alone, even though they did exactly what all the others did; The Ethereum people are literally the ones who started the whole ‘ICO’ ponzi phenomena. I guess it’s good to have buddies at the top… the bankers always win.

 

 

h/t McShillin

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