Cosmos Network Developers Transfer Significant BTC Holdings

According to PANews, on-chain analyst Yu Jin has reported that Cosmos Network developers have transferred 295.3 BTC, valued at approximately $27.7 million, nearly two years after their last transaction. These funds were initially raised during an ICO in 2017. 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, the remaining assets from the 2017 ICO include 96.4 BTC and 17,188 ETH, with a combined value of $67 million.