Grayd announced the sale of 3.1 million ETHPoW tokens, accused by the community of dumping

2022-09-18 08:52:35

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ChainCatcher news, digital asset management company Grayscale Investments announced plans to sell all ETHPoW tokens received from the Grayscale Ethereum Trust and Grayscale Digital Large Cap Fund after Ethereum's transition to PoS, with the number of tokens approaching 3.1 million. This move has sparked dissatisfaction within the crypto community, accusing Grayscale of dumping.

Previous reports indicated that both the fund and the trust would transfer all rights to the ETHPoW obtained due to the merger to Grayscale Investments, which would then sell them within a period not exceeding 180 days, with the profits from the token sales distributed to shareholders. Grayscale believes this move addresses the issue of insufficient liquidity in the ETHPoW market. (source link)

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