Actually the reality appeared to be even worse... For me it is very sad that many founders of projects are selling ETH just in order to get some $. Also ETH is affected by bad situation on the market as well.
Yes that is true, but these projects have expenses and when they are not able to trade their token at exchanges for profit then at some piint they need to liquidize their ethereum assets. unfotunately that hurts ethereum when the market needs to couns that show more resisstanxe to the volatility of the market.