Block.one’s Bitcoin holdings worth $5.2 billion are twice EOS’s market capitalization.
Block.one, the company behind the EOS project, holds 140,000 BTC worth $5.2 billion, according to data from Bitcoin Treasuries
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As of writing, EOS’s market capitalization stands at $2.6 billion. The asset ranks 16th in CoinGecko’s list.
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![\"Block.one's](\"https://forklog.com/wp-content/uploads/EOS-10.png\")
Data: CoinGecko.
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EOS’s price fell 10% over the last 30 days, and 28.8% over the past year. This is the worst performance among the top-20 crypto assets, according to Messari.
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The asset is trading around $2.80 at the time of writing — 87.9% below its all-time high of $22.89 reached on 29 April 2018.
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![\"Block.one's](\"https://forklog.com/wp-content/uploads/Messari-9.png\")
Data: Messari.
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EOS was nothing more than a #bitcoin heist.
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— Peter McCormack (@PeterMcCormack) January 12, 2021
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“EOS was nothing more than a Bitcoin heist,” said Peter McCormack, host of the popular Bitcoin podcast.
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The EOS price accelerated its decline amid Dan Larimer’s departure from Block.one.
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