with that much coins we can expect a dump in price, it will stop the bull for now
I could be wrong about this but I'm actually thinking that this is an event that has already been priced into the market. People with deep enough pockets to move the market won't be surprised by this.
On the contrary, I wonder if some of them may have been trying to deliberately keep the price from rising until after this auction. We've been seeing market dumps strategically timed for the hours on weekends when the markets are thinnest and the dumps will move the price by the greatest amount possible.
We will see if people trying to have disproportionate effect on the market by moving when it's thin start buying on the thin hours after the sale. It will be interesting.
Cryddit
