The closure of Tezos’ $232 million Offering is likely to buuld pressure on the prices of ethereum. Tezos ico was the largest in history has divided the community concerned about mass Ethereum sell-offs.
Tim Draper-backed Tezos concluded its 12-day uncapped token sale. Many including mainstream media, were excited about where the project and its coin would go. But soon the Ethereum collected in ICO would be sold for fiat and will build pressure on prices. At the time of this post ether was down 7% to $207