Why average Bitcoin Cash transaction size increased after Bitmain "civil war"

The average Bitcoin Cash transaction size has increased from $7,420 to $24,050 in the aftermath of the controversy surrounding Bitmain.

Bitmain has long been a backer of Bitcoin Cash since the emergence of Bitcoin ABC in 2017.

As of August 2018, Bitmain is said to have held over one million in BCH, as said by a co-owner of bitcoin.org and bitcointalk.org.

BITMAIN holding 1M+ BCH is a very powerful statement that they have skin in the game and put their money where their mouth is.

Cøbra August 13, 2018.What Bitcoin Cash transaction size increase could mean.

The increase in the average size of BCH transactions indicates that a growing number of investors are speculating on the possible effect the change-up in the leadership of Bitmain could have on the price of Bitcoin Cash.

"According to public record, Jihan Wu took over Micree Zhan as the legal representative of Bitmain in China. Under China law, this means he serves as the legal embodiment of the company, which is a crucial role. Bitmain obviously can't sit still while Canaan filed IPO.".

Others, like the aforementioned co-founder of bitcoin.org and bitcointalk.org, said that the "Reappointment" of Jihan Wu as the representative of Bitmain could be a solid first step towards the company regaining market share that it has lost.

With the public's opinion divided on whether the implication of the Bitmain leadership change is a positive or a negative factor for the firm's long-term growth trend, the rise in the average Bitcoin Cash transaction size demonstrates that whichever way, most investors expect it to have an impact on BCH.BCH up more than 30% in 7 days.

Based on the price trend of the asset, it seems that investors are leaning towards the Bitmain fiasco potentially having a positive effect on Bitcoin Cash, as a larger holder of the digital asset.