Why this dump ? .
Really you're wondering why it's getting dumped to hell?
Well let's see, Supply is increasing at a crazy rate. It basically doubled in less than a year, probably more after lbry is year old. Inflation is high...
Miners are insta selling their mined coins, driving price to zero.
There's a what? 400M pre-mine that people are not liking one bit, along with LBRY devs throwing a shitload of coins for free where it's getting dumped on exchanges also.
This dropped 10x in what month and half lol...Got my buys in a 100 sats. Inflation here is worse than Zec inflation it seems.
Also kinda wondering why do they have 400M coins premined, I know some are needed for promos, incentives...etc but 400M lol plus they got a VC investor to seed 500k. Why do they still need all that LBRY for. They should lower the block rewards at least to lower inflation, probably too late as alot already lost most of their investment aka bagholding now.
Good luck, if your holding on don't sell. It's not worth selling now especially if you bought above 20k. It's pretty much bag holding hoping for a pump.