Either way, the money supply is being massively diluted by digging, and the price is dropping.
Assuming (for the sake of argument) that this is a betting site/exchange owner acting alone. How is the effect on supply/price different from the actions of (for the sake of argument) 1000 "real" wallet owners doing the same thing with the same CLAMs (that were really their property). Is it the compressed time frame (3 months) that is the problem?