Well, I really don't think this is the case to be honest.
24 hour trading volume is currently listed as $173 billion.
Let's assume that 90% of this is wash trading, that leaves us with 17.3% billion worth of cryptocurrencies changing hands each day.
Now, let's make another assumption and assume that 50% of this involves bitcoin trade pairs, that's around $8.5 billion worth of BTC changing hands each day.
Thus, even if they did dump 10,000 BTC at once (which only a complete moron trying to draw attention to themselves would do), this would only be around $78,500,000 dumped on the market—or 1% of the daily trade volume.
Overall, it's clear that this was caused by far more than just a simple dump.
That was also my first thought. They were dumping this token since Spring 2019 and there was around 13 thousand Bitcoins to be dumped.
The article and the chart in it show that they were dumping in waves all throughout 2019 which means 13 thousand had to be divided. How many partw were there? 3? 4? So 4000 at a time?
Big exchanges have over 1000 BTC volume
per hour so they are used to handling this. 4000 BTC would be a big red candle but it wouldn't be able to keep the price low for long.
