You keep saying that , can you post a screed shot ? Is it 9.4 billion ? Or 94% of the circulating supply? 188million ? Because there seems to be more than 16 million trading on livecoin , there are 4 pairs on live coin and btc pair had like 20m for sale yesterday 16m now ltc has 500,000 eth has 2m usd has 500,000 and it's on another exchange and there are the 110 wallets noted ... so 94% of what how many are in that wallet ?
Just go to this link and look at the first wallet:
https://etherscan.io/token/0x1a986F1659e11E2AE7CC6543F307bAE5cDe1C761#balancesThat person holds 94% of all UNY tokens which is 9,490,297,144.08 UNY tokens. Anyone with that large a share of a token can easily manipulate the price, especially after the supply is reduced from 10 billion to to 3 billion. I'm not saying they will, I'm just saying they can. It's called a whale. Notice that the second wallet holds 4% of all UNY tokens and then everyone else holds less than 1%. This is exactly what the developer of E-Coin did over the last week. He holds 98% of all e-coins so he just sold and bought his own coins a ton of times on the markets which drove the price from $6.23 to $215 in a matter of hours. People started buying up e-coins after the price was already up exponentially and then the dev sold all his e-coins back to himself and the price plummeted and he made a killing while most of the other buyers got creamed. That's how a pump and dump works with some of these coins.