Alright worst case scenario, the devs hold a large portion of the gen addresses and they're unloading on us because both projects will most likely fail. How likely is this? Do we have reason to believe this? I don't think so. Its very well possible the devs own a large potion, and that they're unloading onto us in rder to pay for further development. If that's the case, fine. Or, they're unloading because they don't want people buying ETH in order to contribute to the ICO, which is why they're dumping MNE in order to keep prices low enough so that more people buy MNE, reducing the supply. I'm curious for the devs' response
Why do you think offloading the supply of the many genesis accounts on livecoin has the purpose of raising money for the project?
It has never been confirmed and the track record does not ease my suspicion that it's all for personal benefit. Since the project started not much money was invested in anything so I am beginning to acccept that Dev made himself a nice living out of all this and is setting up a nice pension plan w/o too much effort to get something real developed. All he does is buying time to get this scheme rolled-out leaving everybody anxious about the next update of the roadmap which might never happen. There is substantial evidence available that something is happening that would place any investor in a very underprivileged position, since there is, and will be, the risk that someone decides to dump on you in a way that exceeds the potential of a quick P&D scheme or a big whale.
Off course I would like to ride the wave up to a new ATH but sadly it's not the market that decides that but probably 1 single person that can manipulate the rate for ever. He just needs to fill-up his mined stash and wait for an opportunity to do something completely market adverse and you won't see it coming.
That's the risk of investing, I guess.