September 15 was an important day for the cryptocurrency market. Because yesterday’s long awaited Ethereum (ETH) Merge merger took place.
Led by Chinese miner Chandler Guo after Merge Proof of Work (PoW) Ethereum a fork of the chain ETHPoW network is started.
The network’s native token went live on ETHPoW and gained a huge boost. ETHPoW It could not sustain its rise.
ETHPoW token was given via airdrop to investors holding ETH after Merge.
Asset manager holding ETHPoW token via airdrop grayscale also submitted a file to the SEC on this matter.
grayscale, SECAs a result of Merge in the file it submits to Ethereum Proof of Work (ETHPoW) He stated that he had tokens.
Grayscale said in the file that it will distribute ETHPoW tokens to its holders.
In this context, the asset manager, who stated that he will sell ETHPoW tokens on a certain date, said that his customers will start from September 26. Ethereum PoW He said they can buy their tokens.
Ethereum ETHPoW, a fork of the proof-of-chain EthereumIt came to life after Merge, which envisaged the transition of .
As a result of the ETHPoW fork, Grayscale Ethereum Trust and Grayscale Digital Large Cap Fund earned ETHPoW token via airdrop.
However, it is not clear how much the tokens Grayscale received via airdrop are worth.
Grayscale Ethereum Trust received around 4 million tokens. Ethereum fund holds approximately 41,000 ETHPoW tokens.
Grayscale said in its SEC filing:
“There is uncertainty about whether our customers will support ETHPoW tokens.
However, we expect wide fluctuations in the value of the ETHPoW token if our customers support ETHPoW tokens and the trading markets evolve.
As a result of this uncertainty and the potential for high volatility in prices, it is not possible to predict the value of ETHPoW tokens.”
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