Block.one’s June 1st (B1June) live stream has just been unveiled, and EOS is dumping. In a classic case of “buy the rumor, sell the news”, the crypto asset has fallen by 6.5% since the event occurred. This shouldn’t exactly be surprising, as the cryptocurrency rallied by 40% in the past week in anticipation of a massive announcement set to revolutionize the blockchain world.
Earlier today, we reported that Block.one, the company behind EOS’ development and subsequent public sale, intended to launch a blockchain-based social media platform. In the keynote that was published just an hour ago, this was revealed to be true. Brendan Blumer, the chief executive of Block.one, opined: