100 Million coins were created in the genesis block.
no ico or mining.
binance exchange was the first contact to the public.
buying coins and selling them lower is not logical for a normal user.
i think the coinholder Walton sell some coins direct at the exchange beginning to fill their bags for some initial money.
they keep it around 0.80$
my recommendation is to hold your coins.
when wtc hit other exchanges and walton stop selling, the price move up very very fast.
Thank you for the response. Yes it is obvious that someone is dumping a ridiculous amount of coins and I do not think they are manipulating to accumulate as there are not nearly as many purchases it seems these coins are getting dumped on new buyers. Tens of thousands of coins being dumped every hour yet the coin is holding strong at its current value... It is very frustrating for me because I saw potential in this coin and went all in at 29k but now I am stuck at a big loss because of this...
Still I will hold my coins and hope this person most likely Waltons finishes dumping very soon... Very frustrating every time it seems someone tries to break these walls an infinite supply of coins comes out of nowhere to push things back down.
I know the feeling! Just have to ride it out. If you sell at a loss then that's that. If you hold it will rise in value. It's an excellent project with an A+ team. Let the dust setlle IMO, I can't see it not rising in value. Low circulating amount at the moment as well.