the better the market the less sell off that's true
Problem is if price action dies early on then there won't be much long term to look at unless the team burns millions pumping the price back
a price tanking usually breaks investor confidence
As an example i invested in something named constellationalbs, they had an investor who dumped a huge percentage of the circulating supply so the price tanked alot. And this is something that brooke alot of investor confidence and it is hard for the team to right this again
People saw losses and just wanted out if uchain lists at -50% then it would be the same case and if u release in a downtrend chances are that will be the case unless u have good market makers