listen to this guy. I agree much of the events are lame/sketchy, however almost everything in crypto is a little sketchy partially because of Monster/Red Bull and these forums.

I really think this coin released at a time when the bear started, even look at PAY which has yuuuuge potential and would've already mooned had it stayed super bull. You look at the trends of less hyped crapcoins, and PAY would've blown em out the water. The fact PAY was pretty legit makes me certain that's why it held up even moderately well, just dipping under ICO.

SONM is a lot less vocal, and you have teams like that but in a bull people care less and less about 'hearing' from the teams...So, the fact that SONM was a more 'quiet' team, coupled with the already low (relative to other tokens) ICO price, then finally being released at the start of some bearish trends...it made people think that it was unique to SONM, and thus they panic sell, when if you had more experience, you'd remember this kind of trading happened even when there were barely any tokens around, and in every other market ever (though with it's own unique timing/patterns).

People panicking drove SONM down. but even PAY went from talk of moon and trading at $2 right off the bat dropped to around .65 which I believe is below/at ICO price.