Keep in mind that there are more than 5 mil coins for the bounties, which haven't been distributed yet. At the moment there is 3.5 mil coins on the sell side on livecoin and the price allready fell under ICO price today. Now calculate that there will be a few more millions of coins for sale=price will fall even deeper. So prepair your money to load up your bags and sell now to rebuy latter.
5 M of 140 M
Do you really think this will have a great influence? It's not even 3.5% of circulating supply.
Even if they all sell (which you cannot know), there shouldn't be much of an influence.
It doesn't matter the whole 140 mil. Majority of those are in cold wallets of hodlers and have no influence on price at the moment. Tokens that create the price are those on livecoin right now and there are 3.5 mil tokens for sell and only 1/3 of that on buy wall. If you add another few mil coins on sell wall you get even bigger ratio in favor of people who are buying.
Simple those who will want to sell will have to put up lower price than the rest and in that amount of tokens for sale the price could drop very quickly.
That is just my modest opinion,though I am not an expert 😁