Ok, so I found my old screenshots ...
By 6:41 am on the 7th of February, there were 1361 blocks mined, at 96 per block = 130,656 mined Maxcoins BEFORE the wide release at 2 pm that afternoon.
By 9:31 am on the 7th of February, there were 1710 blocks mined, at 96 per block = 164,160.
At the time, Maxcoins were mined 96/30 seconds ... making 11,520 Maxcoins per hour (remember, the total was 250 million in the beginning).
Retroactively extrapolating, they started mining at around 7 pm the previous night, on the 6th, BEFORE the massive release at 2 pm the following afternoon on the 7th.
By 2 pm on the actual release date, the 7th, there were approximately 216,000 Maxcoins already mined.
When they hit $4 ... that's $864,000 in less than 24 hours of mining ...
So, realistically, tell me, what would you do with that much profit in 24 hours ... would you sell?
So, as much as Max Keiser promoted Maxcoin, there were clearly many more people with other motives involved ... who clearly offloaded when they could.
Do you think the coin is going to recover and that we should not sell it?