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, he will look like crying Jordan soon.
easy 50K ICN if you have insider info!!!
BUT smart move from ICONOMI!! Imagine if they told everyone (early beta testers) which they send email/invitation for OMF platform that they will not be able to deliver working OMF on time..
there would be a massive DUMP with ICNs and generally destroy the ICN to lower price like 0.18$ and would be hard to recover after big dump..