Nearly 19 Million EOS Coins, Valued Over $60 Million Today, Transferred on EOS Blockchain

An eventful week for EOS as the cryptocurrency sees a mysterious 19 million EOS tokens transferred across unknown wallets on November 10. This follows the recent congestion on the blockchain as an airdrop of the EIDOS project launched and EOS locked out most users from accessing the platform. On the peak of the cycle, the coin was named the best cryptocurrency project by Chinese authorities in the latest technological report.

The transaction summed up close to $64 million USD in the value of EOS tokens transferred between the unknown wallets (except for one transaction that was sent from the Gate.io cold wallet storage). The transaction was separated into 12 different transactions that included 10 successive transfers of 1 million EOS tokens, worth approximately $35.6 million USD, and two transactions of 3.6 million EOS tokens (from Gate.io) and 4 million tokens successively.

While the value of transactions on EOS has remained rather constant in the past few weeks, the number of users has dropped drastically citing a challenge with the recent congestion of the blockchain due to an airdrop. In the past 7 days, the blockchain experienced a lag as EIDOS token contract launched on EOS rewarding users with more than 0.0001 EOS in the airdrop.

The slow nature prompted some of the community members to ask for a boost in the number of tokens available in the ecosystem to smooth the lag. Could the recent silent injection be a cause of EOS development team?

EOS Remains a Top on China’s CCID Rankings

In a sustained effort by EOS blockchain, the blockchain remained top in the latest rankings by the China’s Center for Information and Industry Development (CCID) workgroup. The blockchain dropped slightly from its previous score at 153.8 to 151.3 in the latest ranking that includes the blockchain’s basic technology, applicability, and creativity. Tron (TRX), and Ethereum (ETH) took the second and third place respectively with the pioneer cryptocurrency coming in 11th in the CCID rankings.

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Author: Lujan Odera

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