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 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'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.
this
and - if tokens are sold, if I understand this, the mint proportionately makes less. This must really stink for time mint holders if true - if they sell all their coin the mint is worthless as it supposedly stops minting.
there is no incentive to sell from this perspective and given the illiquidity, what would be the incentive to purchase?
it seems even worse - if it takes 8888 tokens to sell a time mint, where on earth do you get that amount? Worse, then assuming you get the lot, who are you going to sell it to?
