Those guys who HODL for then years and sold 1000th of coins made their living and decisions for them selfs, probably all of them do HODL a % of their coins....
Probably, if and may... You don't know that.
The not knowing goes both ways
They did dump thousands of coins though. That's a fact. You can prove it by looking at the charts.
The dump yes... but the % they kept it bought back... we don’t know.... the market is buy and sell ... so logically that there where 1000’s dumped