I think that was a stupid thing. Why do that thing? ICO has giving you a free coin, but you sell it for cheap price. And this is was still happen till now. LOL
How stupid who dump the ICO coin. I guess, Their mind set is $1 its worth than $10.
Kind Regards,
People who are dumping the token is only want to make fast money so they don't have to wait for a long time because every ICO at the market will need to wait before the price can increase. Besides that, I think they don't want to get the impact of the price if the price is down too deep and it could make them become confused to wait for the price. I think it's not stupid because they dump the token when the price is at the highest price so they can rebuy the token at the low price.