This guy is obviously not that stupid to think someone would just munch that wall. He wants the price to go down. If he wanted to sell it he would be doing it slowly without causing panic.
May be he is just making a fake wall to creat panic. panic sell. Price down. More coins. As lisk can resist the fall. Price Up. Nice profit. not a new idea
Agreed.
If he really wanted to sell all of that, he would transfer it to exchange in chunks and sell it off slowly, in order to get the maximum amount of BTC out of it.
Leaving 1 million euro worth of coin sitting on a centralized exchange for 20 days, exposed to hacks, is the behavior of someone who is:
-- manipulating market in order to make a profit
-- trying to suppress the price for a different reason
- whale from competing coin who wants to avoid price taking off and absorbing his primary investment's market cap
- whale from within Lisk who wants to prevent price from doing a big speculative pump and dump before apps are released