I'm 100% sure one of the 'dumps' you're talking about wasn't a bad guy. In fact, I can even see a clear pattern on the blockchain where they donated money to support the community, not that that necessarily means much in the scope of this, but it's a contradiction in purported character.
I sure wish I'd get more community feedback on the question I already asked:
Where do you draw the line on what is a 'dump' or not? How much $USD? How much BTC? How much UNO?
I'll repeat: I don't think selling $1,000 is much.
-
Be careful with the witch-hunt, because you don't know who you might be hurting.
I think nobody believes that
all dumps and larger sells are due to these discovered circumstances. That would be naive.
As for what makes a dump, just using a $ value as reference is not going to cut it. More important are the
BTC value and overall trading volume of the coin at that time, the timespan the sales occur in and the percentage of price movement it causes. Normal trading of a coin usually doesn't move the price very much in a short period of time (without outside influences like good/bad news or something like that).
Lets say ~100 UNO normally get traded in 24h and then someone sells several times that amount at once, taking price down significantly (like say >20%). That's an event I call a dump. It's certainly not "trading", as with some patience those coins could have been sold with considerably better BTC gains.
And dumps are certainly not only done by "bad guys". In fact I dumped a shitcoin just a few hours ago because price was going nowhere fast and I'm just impatient like that with coins I don't believe in.
To conclude:
* We now know that up to 5% of total UNO supply was stolen (either from or by CoinEx).
* And we now have pretty compelling evidence a big part of those coins has been sold already.
* UNO hit .005 again sometime in mid-March (~15th) and we have actually hovered around that price with swings up and down since then (such stability is almost an anomaly in crypto-world).
* The past few weeks have been the first prolongued move below that .005 "floor".
* Considering what we now know, that is remarkable!I mean people are currently freaking out about the possible effect some 30k BTC from the FBI auction might have and that's only like 0.25% of the current supply. Imagine the effect it would have if an additional 650k BTC were to enter the liquid market. That's what happened to UNO, most other coins would have crumbled under the additional sell pressure.