A report published in various crypto publications reports that Bitmain has accumulated $1 billion Bitcoin Cash close to 6% of total supply and was supposedly used various tactic to manipulate the price before IPO.
As a result, all cryptocurrencies are down. While Bitcoin is down close to 6%, most of the top 20 Altcoins are down from 10% to 20% and rest of the currencies are down between 20% to 30%, according to CMC.
