NEO holders "News Flash" prepare for huge bomb incoming!

[cryptoaddictchie]

Ive just read this Neo Developers Unlock 2.3% of its supply and its quite alarming why devs suddenly unlock 1.6million token worth $11million USD. Fortunately its not yet been move, wondering also what is their motive since there is no announcement made.

Source: WhaleAlert Twitter

But by the looks of it, they are eying to score a good liquidation for this as BTC slowly recovering. What do you think? Are they really gonna punch a hole to get some bucks here. But how about those neo holders? Its price would plunge surely when thats happened. 2.3% of supply that has been unleashed is big, but hopefully they have a good statement out of this.

[akhjob]

I have no doubt that the NEO foundation is planning to sell those tokens when the price gets better. But I believe that they'll make an announcement regarding this soon. I don't think that they'll abruptly dump those tokens into the market. I guess they'll come up with a valid reason regarding the current unlock.

[joseyphil82]

Are you saying this 2.3% unlocked supply will cripple NEO? Hmm I will definitely be waiting to see how things go, honestly I was about to buy some NEO days ago when the price dropped to 5$ per one but I just end up changing my mind

[khiholangkang]

Are you saying this 2.3% unlocked supply will cripple NEO? Hmm I will definitely be waiting to see how things go,

Of course 2.3% of the total supply if sold directly to the market quickly will be able to cripple the price

honestly I was about to buy some NEO days ago when the price dropped to 5$ per one but I just end up changing my mind

Why did you change your mind? Even though if you buy at $5 now you are profitable because the price has risen to $6.77

[Nekkyush]

This is a call for me to wake up and do as my mind has been telling me. Neo is one project I have been researching on to know the right path to take on. Good to see this post, I think I have get some of it now. But what if it goes down more after I buy?(#thinkingaloud)

[mirakal]

Let us not speculate on this, this might cause panic if it will not be explain by the developers.

We are talking of a huge money here, they have the responsibility to explain what's going on, otherwise, expect a dump.

This is a call for me to wake up and do as my mind has been telling me. Neo is one project I have been researching on to know the right path to take on. Good to see this post, I think I have get some of it now. But what if it goes down more after I buy?(#thinkingaloud)

I agree that NEO is a good project, but they'll destroy their reputation if they keep silent on this, in fact I think it's right to tell people the plan advance than moving the funds and explain later, that's quite shady.

[hd49728]

I have no doubt that the NEO foundation is planning to sell those tokens when the price gets better. But I believe that they'll make an announcement regarding this soon. I don't think that they'll abruptly dump those tokens into the market. I guess they'll come up with a valid reason regarding the current unlock.

2.3% of NEO supply will be unlocked that is a not a good news for NEO holders and investors. They likely have plans to sell, I doubt that. If not, there is no reasons for them to unlock 2.3% of total supply which potentially causes drama around.

Anyway, it does not a matter for me because I don't hold anything, except bitcoin. For altcoins, I only wait for massive pumps and flash drops after that to earn profits from bounces (with good entry price as nearly bottom as possible). I am a very short-term trader and I don't plan to hold any altcoins or tokens. Having ambitious developmental plans or not, it is shit when all altcoins and tokens are affected by Bitcoin.

[X-ray]

Are you saying this 2.3% unlocked supply will cripple NEO? Hmm I will definitely be waiting to see how things go, honestly I was about to buy some NEO days ago when the price dropped to 5$ per one but I just end up changing my mind

NEO is not having a lot of daily trade volume right now and that makes sense even these coins can create a panid dump for the NEO. Imagine when you are sending it to the exchange site and dump it instantly. It looks like NEO foundation is need more money. This is happening when there was a company that can't create a product that gives profit to the company.

[cryptoaddictchie]

But I believe that they'll make an announcement regarding this soon. I don't think that they'll abruptly dump those tokens into the market. I guess they'll come up with a valid reason regarding the current unlock.

Better they be cause once a huge dump has been set, holders will likely bleed a lot from it. Even abruptly, they must at least tell us what the purpose of unlocking those token, not even a word isnt good.

Are you saying this 2.3% unlocked supply will cripple NEO?

This is a possibility if they dump it all on the market. Yes, btc will increase and whatever paired of altcoin with neo they gonna dump it. But if they will, hopefully it is major coin and not dump it via tether since its no help at all.

[stadus]

Another source here : https://bitcoinist.com/neo-developer-account-unlocks-1-6-million-tokens/

That article was dated March 24, 2020 and NEO now is still stable, so probably it does not mean a dump as if people think that way, there might already be panic now.

[slackovic]

Another source here : https://bitcoinist.com/neo-developer-account-unlocks-1-6-million-tokens/

That article was dated March 24, 2020 and NEO now is still stable, so probably it does not mean a dump as if people think that way, there might already be panic now.

Even if the team sells those NEO coins, that shouldn't affect the price. NEO's 24 hour volume is $442.000.000 which is around 65 million NEO. A million more shouldn't make a big difference. But the team should definitely publish some sort of statement as to why those coins are unlocked.

[tomahawk9]

Man, "bitcoinist" is a shit website, the entire article is filled with misinformation and FUD.

No need to panic, NEO holders. It took me less than 30 seconds to find out why the NEO devs did that. From the official NEO website: https://neo.org/blog/details/4191

<...> NEO tokens maintained by the Neo Foundation are mainly used to continuously support Neo's technological development, ecosystem growth, community expansion <...>

<...> On March 24, 2020, the Neo Foundation completed the annual unlocking of NEO tokens in accordance with the rules, releasing 1,660,865 NEO tokens from the locked account to the current account <...>

Jesus christ. I'm adding "bitcoinist" to my list of crappy crypto-related websites to avoid in the future.

[Febo]

Ive just read this Neo Developers Unlock 2.3% of its supply and its quite alarming why devs suddenly unlock 1.6million token worth $11million USD. Fortunately its not yet been move, wondering also what is their motive since there is no announcement made.

That is how it is with coins and tokens that are not secured with PoW or PoW coins with a premine or an instamine. You never know when such bombs will drop.  If this would be only bomb NEO will ever face is no huge deal. But There are huge storage of such bombs stored fro NEO holders.

[jacafbiz]

I can see Matic game plan been replay here again, remember when Matic was pumped as hell and then suddenly the developer started dumping on people, I do not know how liquid NEO market his but their market maker will need to do a fine job supporting the price when selling those tokens

[Leonardo7]

War is looming for NEO holders, some days ago I was planning to buy Ontology, I ended up buying NEO, after some time, I sold off and forsook Ontology too and went for WRX instead. I will show this alert to my friends to act cautionary.

[Perfect35]

A lot of people will be surprised if they did not dump it, most especially when the price has dumped.
Now, with this news, I believe the price will plunge, whether the team dumps the 2.3% or not because the crypto community has been alerted. So, it might be an opportunity for whales to fill their bags. Even those who published the news will be waiting for an opportunity like that.
I think a lot of people are yet to understand how cryptocurrency works.

[nelson4lov]

Are you saying this 2.3% unlocked supply will cripple NEO? Hmm I will definitely be waiting to see how things go, honestly I was about to buy some NEO days ago when the price dropped to 5$ per one but I just end up changing my mind

Definitely not. A sale like that won't cripple NEO market. However, the price and marketcap will sure take serious hits if they go ahead to offload a heavy bag like that on the market. In my opinion, even if they want to sell, it shouldn't be all at once. Also, it can cause panic among holders who will follow suit to dump their bags. NEO dev team should learn from Ripple and split the tokens into smaller chumps and sell.  I'm keeping an eye on NEO for the meantime.

[cryptoaddictchie]

<...> NEO tokens maintained by the Neo Foundation are mainly used to continuously support Neo's technological development, ecosystem growth, community expansion <...>

<...> On March 24, 2020, the Neo Foundation completed the annual unlocking of NEO tokens in accordance with the rules, releasing 1,660,865 NEO tokens from the locked account to the current account <...>

Jesus christ. I'm adding "bitcoinist" to my list of crappy crypto-related websites to avoid in the future.

Thanks for this, it seems that bitcoinist like to create some issues about neo with the article they published, maybe I need to avoid any reference using this site. Their credibility is somehow vague. Good that youve posted this information.

Now, with this news, I believe the price will plunge, whether the team dumps the 2.3% or not because the crypto community has been alerted.

Read up mate, someone find the reason and bitcoinist using this news as diversion to create fud. They should let their authors be checked, as news like this destroy project reputation as many audience reading this.