The closure of Tezos’ $232 mln ICO - the largest in history - is dividing the community concerned about mass Ethereum sell-offs.
As Tim Draper-backed Tezos concluded its 12-day uncapped token sale Thursday, many including mainstream media, were excited about where the project and its coin would go.
Conversely, however, increasing evidence of startups already wholesale converting ETH profits from ICOs to fiat is causing concerns among investors.
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https://cointelegraph.com/news/tezos-232-mln-ico-sparks-fresh-fears-for-ethereum-sell-off for the rest of the article?
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That explains the sell offs and lower price.
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