Does the distribution have anything to do with the price movement? Only 1mm coins and more than 50% are held in the top 10 addresses and I suspect 1 person holds at least 27%. I have to believe the insiders know who the big dumpers are. Sorry, that's just the way I feel right now. How can such a small amount of people get there hands on such a large % of coins?
I think the addresses with those large amounts of CGB belong to the exchanges like cryptsy, and they have all their deposited CGB held together in a few addresses. The volume of CGB traded in the last few weeks suggests to me that the early miners and the majority of early CGB holders sold off (and are selling off), during this time and moved on.
I think if there was an inside job like you believe, manipulating the price, then I would think it would be manipulated in the other direction!? I would go for my former explanation. I've been with CGB from the start and it has always been the transparency and honesty of the CGB community and development team that has kept me loyal to it through thick and thin.
Does the distribution have anything to do with the price movement? Only 1mm coins and more than 50% are held in the top 10 addresses and I suspect 1 person holds at least 27%. I have to believe the insiders know who the big dumpers are. Sorry, that's just the way I feel right now.
Agreed. I saw some people claiming to have 5-10k CGB in this thread. Thats 1% of the eventual supply alone.
No clue why you would liquidate at such a low level though unless you were intending to later pump up the price.
CGB is ridiculously cheap at the moment so being able to buy 5-10k is quite normal for investors who either have a large bank balance or a fat wallet from early bitcoin adoption.
I don't think the large address belongs to Cryptsy or an exchange. I searched my CGB address that I use on Cryptsy and it has my balance and transactions. I believe every account holder at Cryptsy has their own address.