are people dumping on the purpose?
This is the message from CEO of LPC " Be advised that in less than 48 hours, we will be entering our last and final phase of increasing block rewards, Phase 12. The most recent phase of block reward (Phase 11) has led to more supply being added to the market week over week, approximately 1%. Instead of being added to the MN lockup rate, this 1% increase in supply has been added to the ~5% circulating supply being traded on exchanges, i.e., a 20% increase overall. This 20% increase in supply on exchanges has contributed to the downward price pressure we are experiencing (i.e., more supply given a similar demand yields a lower price). This downward price pressure will continue for the next couple weeks until rewards begin to decrease for stakers and MN holders. This eventually will remove the over supply of LPC from the market and create scarcity. This is a micro-level analysis, which excludes macro conditions (i.e., the general bearish cryptomarket conditions and the overall increase in BTC market dominance relative to alt coins). "
