💲 BitMEX Research: ICO teams have allocated $24 billion in tokens to themselves
According to a new report from BitMEX research initially allocated $24 billion worth of their native tokens to themselves. At peak valuation, these token allocations were valued at over $80B. However, BitMEX Research notes that "in reality, liquidity was too low for this value to be realized" and that because of the recent decline in prices those tokens are now worth only $5 billion. The analysis looked at the token allocation of over 100 teams that conducted a token sale.
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