exactly the reason. that one big greedy mouth will one day chomp a bulk of waves more than it can handle while the devs are about to leave the waves project and give it to someone else greedier.
this ain't a good picture.
Usually large amounts like that gulped up all at once is just a whale selling to himself... with the idea of creating a dump (which did occur). Although really, it doesn't matter either way. Neither situation is a good one... either it was a real sale, so a whale dumped into the dev, or the dev dumped to himself.
Guess the dev playing manipulation games is actually the better alternative when I think of it, at least it means he's still in control of the price.
Dev controlling the price sounds a lot better than a greedy whale who just keep milking the sack. This coin isn't like the one we can mine thru GPUs, so it can easily be manipulated.
Funny thing is that those users who shout waves to be scam are the ones greedier.