- Out of the 57 ICO projects analyzed, ETH treasury balances gradually decreased over the past year
- Within the last 12 months, these companies liquidated (or moved) 1.8 million ETH from their treasuries
- In aggregate, these ICOs have moved or liquidated 72% of the amount they initially raised (8.2 million ETH)
- 11 of the companies are currently trading at a discount to the value of their ETH treasury balance
According to research by The Block, the amount of ETH liquidated (or moved) from ICO treasury balances has been fairly steady over the past 12 months out of the 57 ICO projects we analyzed. On average, each company has liquidated/moved approximately 2,500 ETH per month (equivalent to ~$530,000 USD) over the past 12 months.