A whopping $100 million Ethereum (ETH) was released into circulation on Thursday, following an unlock of tokens that had been held in reserve. The ETH tokens were unlocked by the Ethereum Foundation, which is responsible for managing and developing the cryptocurrency’s network.
A large amount of new ETH entering circulation has caused some concern among investors as to how it might impact prices. While there are fears that this could cause a drop in value, so far this does not appear to be the case. Since the release of these funds into circulation ETH prices have remained relatively stable with only minor fluctuations seen over time.
It appears that while some investors may have sold off their holdings due to concerns about price drops related to increased supply, others seem unfazed by it and remain bullish on its prospects despite any potential short-term volatility associated with such a large influx of coins hitting exchanges at once. This suggests that while there may be temporary dips or spikes in price due to market sentiment around such news events like this one, overall investor confidence remains strong enough for long-term holders who are willing to ride out any bumps along the way until more clarity emerges regarding what will happen next with regards to ETH’s pricing trajectory going forward from hereon out.
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