Quote from: MarvieJ on Today at 05:48:34 AM

Feels like a classic case of early unlocks or insiders exiting fast, probably farmed tokens from some early event or pre-market round. That + the general market not really having the patience for long-term AI plays right now.

I doubt it’s the team dumping directly (though you never know), but it’s probably early hands taking profit while there’s still some liquidity. Until there’s real demand or usage, I’m not sure the price action will hold up, regardless I bought a tiny bag on BG hopefully am safe

I think that is too much for a farmed token in the early phase and then each project has an allocation if how much people can buy but that is also not too much. The first you said which are about insiders is possible though.

There are people that are willing to hold for the long-term but it is just that there are cases like this and that makes them to be paranoid. If not this, there is also a problem in the project's development. Before a project gets deployed, the usage is already there. If people likes it, then it will gain a demand (a better one) because a crappy project can still get some of it, or they can even get more if they will try hard, you know do some manipulations and create a hype.