And where have people such a large number of coins? If only the pre-ico stage has been purchased.
Well, usually the course is "killed" by stupid members of the bounty companies, who are impatient to quickly merge the project coins at any price.
Michail9090, For international investors under Reg S, they cannot sell the tokens until after 90 days. Reg D in the US it is 12 months. And people get the SANA tokens within 24 hours of their funds clearing. So everyone is getting their SANA tokens at different times, so there may not be a lot of people selling the coins at any one time.
RealPrMax, perhaps you are correct and but that is a very small amount compared to all the tokens that could be purchased by investors. 3% is all that is allocated for bounties. That will not affect the price especially if the demand for SANA tokens is up.
There always are such kind of people who will sell immediately on any price. I don't know, maybe, they don't have a job, so they need any money. But, if tokens is strong the price will be recovered quickly.