I've just come out of a coma and saw that gbyte has been dumped much harder than other alts.
Can someone shared some light on why this is the case? Did i miss some negative news?
Airdrops cancelled for byte holders. Existing holders won't benefit from airdrops meanwhile the supply still gets diluted by another 40% when the last coins are distributed elsewhere. This means incentive to dump rather than hold.
The worst thing about it is it demonstrates how the dev has too much power to influence the market.