Sell The News: EOS Falls By 7% After Block.one’s June 1st Announcement5.4

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:

Original source
https://www.newsbtc.com/2019/06/02/sell-the-news-eos-falls-by-7-after-block-ones-june-1st-announcement/

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