Of course its dumping. Every freakin IPO does. Poor bastards who are late to market or holding are going to lose money or baghold.
We will have to open a section " Ethereum Bagholders Anonymous". "Free tissues".
We will have to open a section " Ethereum Bagholders Anonymous". "Free tissues".
ETH is trading, in BTC terms, between 4-5x the initial IPO price at the moment. Please spare ETH 'bag holders' your sympathy
Let's not forget that BTC price was 600+ when Ether IPO start. With this speed of dropping, even IPO investors will see their break even (in USD) very soon, if i was them i would sell now to take some small profits.