Post
Topic
Board Tokens (Altcoins)
Re: [ANN]ChronoLogic - Proof-of-Time token on Ethereum
by
hoolio
on 02/01/2018, 09:16:21 UTC
so, assuming that addresses represent unique entities, then roughly 20 entities are in a position to sell off their TM or very close to it

I guess the big question is why this was dumped so hard and who did the dumping - was it simply a case of illiquidity driving the price down?

answer may well be resolvable in further analysis of the 9000 or so transactions so far


I was also baffled who in the right mind will dump a token that he bought at $24 a piece, the current price now is $2.73 did the investors just committed a financial suicide of their own volition.

I've read that due to low numbers of bounty campaign participants, some people ended up with tokens worth 5-7 ETH. It is very natural that they dumped them as soon as possible.

Im pretty sure it's ppl with time mints who are minting free coins on a daily basis.


The highest minting rate is 1% a day, so it makes no sense to dump all your coins and crash the price if you are minting.