Are people seriously trying to argue there hasn't been a dip?  That's not even worth responding to, of course the wallet release affected the price.  If you feel otherwise, it's not worth trying to explain to you why you're wrong, because you're either trolling or just stubborn.

Whether the price will go any further down - that depends on this rumor about not all ICO coins being released yet.   What we need is a clear statement from the ETN team about what the mined supply is, what the ICO supply was, and how much of that ICO supply has been moved out of the ICO wallets.  It should be in the ETN team's interest to be transparent, as that is what will give value in the long run.  If they cover up facts and figures to protect the short term price, they will hurt the coin long-term.