Here is the problem with the logic behind most of you guys thoughts on IPO's....
When A IPO is available for days and does not sell out then there will be a good chance that the price will drop because there was not enough buy support for the coin.
example..is most IPOS on ccex and bittrex (cloud, sys, ect)
Now when a IPO sells out in hours after being announced many buyers are left without the chance to buy any coins.
When this happens the price of a IPO rises and rises fast..... Look at NEOS or any IPO that sold out in under a day.....
So keep the fud going, but u will not see this ipo at 8000 ever again, there is just to many people that missed out on the chance to buy.
P.s. this Coin sold out in 3 hours, all 4 million coins.
p.s.s.....
Too the people saying the volume is fake, it is not possible since the coin is not traded yet. so yes this coin did sell over 300btc worth of coins (real volume) in 3 hours...
so wa wa wa to all the fud babys