I mentioned this dumping issue a while back (in Slack) while I was trying to understand where all the Incent selling was coming from on OpenLedger
you can join most of the dots by following these key transactions
https://blockchain.info/tx/4a2f1290695105f8dd83253bfcc0e7fd2dff16a0fb3ad7052fd291d2caebc2ddhttp://www.wavesgo.com/transactions.html?D2zNWw2Gw4qMHKwHg4wpNLqShHDxCpMT1PXFbuiwrYg6and then following the trail of deposits to OpenLedger and recently to other exchanges - starting at this WAVES wallet
http://www.wavesgo.com/account.html?3PKqRvU1N6sbQTRP4hKrHERsAL61WQLd5Cvhere is an example of one such deposit to OL
http://www.wavesgo.com/transactions.html?BUJ7E8W6hAL42Baxz75cq3EY35KYN6rJRwYEebLMMFLq6 days ago they decided to leave OL - and moved the focus to Cryptopia - you can study activity here
http://cryptofresh.com/u/openledger696969So they are dumping MAINLY on Cryptopia but testing Liqui - and have left Tidex and OL
Note that:
They still have quite a lot of Incent left in main and related addresses including exchanges
They are not the only pre-ico investor (but appear to be the main dumper)
They are allowed to do whatever they want
There is a bit more to this story than indicated above - but its just to show a single example of who, why, how much and when etc - and what maybe to expect in the near term future.
There is a hidden story and motive here IMO - beyond just selling off Incent - but you will have to draw your own conclusions.
Also - consider this:
In BTC terms - they bought at 0.00004167 BTC/Incent
They are selling now at 0.00005
Thats a nice profit
BUT - in USD terms
They bought at USD 0.025/Incent
At current BTC prices that would be USD 0.044 (but its not because they were bought 29 Sep 2016 when BTC price was USD 600 - not 1050 like now)
Selling at 0.00005 BTC/Incent - the USD price is 0.0525
So good profit - its more than doubling.
So from that springs some better news for Incent Investors.
Many if not most bought at 10k Incent per BTC = 0.0001 BTC/Incent
So the USD cost was 0.06 in Sept 2016
The current USD market price is 0.0525 with BTC at 1050 at 0.00005 BTC/Incent - (and its above that at present - 0.000054 to be exact)
So we are still down about 12.5% (but not by as much as the BTC comparison (buy at 0.0001 - current price 0.00005 - a halving)
I like to be positive - until faced with imminent death - so I'll choose to consider the USD comparison.
Not much has to change here to be in the GREEN.
A few releases and partnership announcements and the whole game changes.
I'm not worried - and when we get BTC price equalisation (0.0001) - in USD terms - we will be laughing.