Post
Topic
Board Speculation
Re: Ethereum still has 27k more coins to dump!
by
Octavius
on 03/09/2014, 22:35:39 UTC
Selling 25k coins wouldn't drop the price below $100 USD please stop with the FUD..

You are right.

But dumping 25k in a day or two will drop the coin BY at least $100 USD.

Remember cooperate mining farms are selling coin everyday to recoup their investment and electricity.
Actually by current price and support it could drop below 100$.  

That's why they can't dump right now, they are blocked. Just try to dump 1000 btc right now and see what happens!
but they are not the ones, there are other whales who want to cash out and they also blocked with these low volumes (take a look at pumps and dumps right now).