Its good that the community wants to take over cinnicoin and continue to improve the coin, how ever iam not trying to fud or troll here but is it ever going to regain traction price wise? given the amount of bag holders that bought all the way from 30k SAT TO 1K SAT will most probably just dump out as soon as the price develops an uptrend. anyone else see this as a very possible and large issue?
I have the same concern, and it's a potentially huge issue. I've generally assumed that most of the big whale dumpers have dumped already, but I have no idea - it is one of the things that makes me a bit hesitant about all this. It'll be a wasted effort if CINNI behaves like it has in the past, where whales dump into every rally.
Is there a rich list?
~15M in circulation. the biggest problem is not the whales who are still holding. its the ones that will buy 10% or 20% of total CINNI and only intention is to dump when the price rises. CINNI is basically at teh beginning again pricewise.
I'm still in and hope a suitable person can found to continue development.
If you want to stop that, you need to find a small group of people you trust to buy up the coin while its cheap, and not sell it. It's the only way you can avoid the other situation. Else once momentum starts you will have the whales and pumpers come in and buy up a large share just to dump on you up top.