Examining the 360k dump on the Kraken chart.
220k dumped at 2016-12-26 13:05:00 @ median price 0.0003435 = 75.57 BTC
140k dumped in chunks starting around 2016-12-27 10:00:00 @ 0.00032 = 44.8 BTC
So he dumped his 360k for about 120 BTC = average price 0.000334
I suspect he made about a 55k ICN profit if he was able to buy back in around 0.00029. I didn't see any obvious signs of him buying back in on chart of orderbook, so if he did, it was in 10k-50k chunks.
Price drop was due to this one trader, there's no other significant volume spikes on the chart.
Conclusion: ICN holders still holding strong. RIP to the noobs if they panic sold. RIP to the whale if he hasn't bought back in.
Nice analysis. Also explains why we're already back up at 0.0003
He didn't really trigger much panic selling like he probably hoped. If these buy orders are him trying to buy back in, then I don't think anyone's going to dump into them and the whale might look like crying Jordan soon: