Combine this fact with the news that the EOS developer company Block.one is trying to buy out 10% of its own stock, it will seem that something important can happen in the camp of this cryptocurrency.
Nic CARTER, a partner at Castle Island Ventures, commented:
"A private buyback of this sort signals to me that the company believes that there are few growth opportunities in sight, or badly wants to consolidate ownership and avoid outside scrutiny."
It is worth noting that Dan LARIMER mentions "important news" quite often for the last several months. It is to happen in June, but it is still unclear to market players what he is talking about. It is clear that June 1 is approaching and against this background, the price of EOS soared to $7.79 per coin. Is it worth it or not, we will find out very soon.
Image courtesy of Asia Crypto Today