Is there evidence miners are less likely to hodl than masternode owners? I need to see proof because I smell bullshit
Even if there is it doesn't matter because miners have a transaction on the "buy side" to compensate for their sale. So at worst they're brokers, not sellers. The exchange investor is the ultimate buyers.
Masternodes however have no such compensating activity on the "buy side". They are net sellers when rewards are realised.
This is what eats the marketcap on a chronic basis.