Re: investFeed [$IFT] ICO Official Thread-Cryptocurrency Incentivized Social Network
Why is nobody talking about this whale bot that has seemingly infinite IFT tokens, dumping them 10, 20, 50 a time. It's been going on for weeks. I couldn't even guess how many have been sold this way. Millions? So shady, makes me want nothing to do with this.
Second person I've seen today speak about that bot buying and dumping $IFT. Someone mentioned it on Twitter earlier today. Don't know who's behind it, but I don't think the $IFT dev team has any incentive in doing so.
Could be just a random person trying to manipulate weak hands into dumping their tokens. This is simply a market manipulation. Like you already said, The IFT team has nothing to gain should IFT tokens lose value as the team has some holdings in their possession.
I could agree less about "just simple person manipulating the market" . The purpose of the token is to be used within the platform. Therefore, do you really think that this "person" will just send them to the platform and purchase ad free experience + other services with its wallet worth 33mln IFT ? I believe that this is a mechanism to control / stabilize the token price for the END users (IFT target groups) - unfortunately this undermines the transparency as nobody "knows" whose wallet is that.
Still, I believe in the project but that issue is a bit fishy for me