Good to see it made it to a bigger exchange, though that did bring the price down even more... for now...
You think the sell orders are the ppl who partici[ate in ICO?
Why would ICO people sell their coins? They paid 28700 for it? Would be a little stupid... the sellers are for sure the miners. They were able to mine cheaper then 28700 sats
Could be a panic reaction... "shit, let's get out of this before I lose anymore"... though if as you say the ICO investors are higher-profile users, then that's not so likely.
For me, it was about 8000sats per coin to mine (average), but I was using purely rented hash power... I'd say those with their own equipment could've done it cheaper.