Not Really because I own a Genesis Address and I buy at the same time. There are about 20 others that are doing the same. I know for a fact that mne will be above 5 again. PS: I was in this space before eth/coinbase/blockchain.info (2010) - I know what I'm talking about.
20 people are buying, a big part of supply was burned and price cannot get above 5k?
As a genesis holder myself, I really hope there is some truth in your words... I just can't seem to find it!
I am not one of the dumpers though. It's just silly to dump at this price.
I also hope this one to happen, I am a genesis holder as well, but what I am getting here is the lack of demand on the coin, it was too focused on the genesis mining part, but other real use case is lacking,. That's what we can improve.