remember, 90% of the volume is the 'dev' selling premine chunks on novaexchange...
Is this confirmed? When I looked on Novaexchange a few days ago it was mostly smaller amounts being sold which seemed to be mainly by the people who jumped thru hoops with the sig spamming campaign.
People who are always busy chasing a free $ they will mostly sell them quick and then be broke again because they are always broke.
I am not sure how much this contributes to the price falling further ($2 now from $4 or $5) and if there is a chance it ever rising strongly. I guess the main issue with this coin is that there is absolutely 0 real use, and absolutely 0 intrinsinc value and absolutely 0 motivation for any investor to buy a couple when people get 1000s of coins for free for spamming a forum.
I actually found a similiar coin from a while ago, which also used tor network, and it did also go up to $3 or $4 but now its been at like $0.0001 or something for MONTHS with no action. I expect this is either by the same people (guy) or a similiar scheme.
But when I checked Novaexchange it didnt seem to me like somebody was selling large amounts, of course the owner might be selling in small chunks, but if you have any evidence for larger sales please share