Sergey Ivancheglo (also known as ‘Come-from-Beyond’ on Discord) has announced that he has sold all of his IOTA. His reasoning was that it was too much of a ‘conflict of interest’ to hold them.
Sergey Ivancheglo has been a core member of the IOTA ecosystem for some time and was even on the IOTA Foundation Board of Directors over a year ago. Announced in a blog post from August 2018, he is described as ‘one of the founders of IOTA’ and a ‘core developer of the reference implementation.’You can find more about this news right hereI have a question to you guys, especially those who are token holders and supporters of IOTA. Now that the co-founder and lead developer has sold all of his tokens to "avoid conflict of interest", what are your honest thoughts about this?
I know the feeling of most IOTA supporters when it comes for one or a few development team members who are selling their tokens (especially if "all of them"). As this news came out, correct me if I'm wrong, but maybe this is the reason why Bitcoin fell below $9k instantly and IOTA declined to 3.26% as of today.
Can you guys share your honest thoughts and opinions of this one? Thanks in advance and have a happy weekend ahead!