Cosmos Network Developers Transfer Significant BTC Holdings

According to Odaily, on-chain analyst Yujin has reported that Cosmos Network developers have transferred 295.3 BTC, valued at $27.7 million, which they initially raised through an ICO in 2017. This marks the first transfer of such magnitude in nearly two years. Throughout this year, the developers have transferred or sold a total of 21,600 ETH and 295.3 BTC, amounting to $78.67 million. As of now, they retain 96.4 BTC and 17,188 ETH from their 2017 ICO, with a combined value of $67 million.