Seeing the current dump on #ION… yeah, it’s not funny... Quite sad 💔 A big chunk of $ION got bridged from ION Chain to BSC and sold, that part is obvious. The pattern looks like multiple wallets receiving similar amounts from a system source, then dumping. Could be VALIDATORS. And honestly, that wouldn’t be shocking. These guys Staked their funds in ION and run nodes, earn rewards, and at the end of the day, some are just here for profit. After this long, some of them will take exits... Maybe frustration? strategy? Or a coordinated dump after some internal demands not agreed on? whatever it is. The idea that the team is minting to dump doesn’t really make sense. It’s just the easiest thing to say when price drops and anger sets in. Truth is, we don’t fully know what’s going on yet. Some of us are only exploring the logical reasons behind it. I’ve seen people asking the team to step in and push the price up, yeah that is out of concern and love for the project... but that can backfire ❌. If sellers aren’t done, they’ll just dump into that liquidity. More like giving them better price to dump on 😀... Sometimes it’s better to let it play out for a while, take action a bit later... For now let the normal buyback from @baomarkets and burning from @bao_rush continue, while community members that can stake their heart in can buy more if they can, at a cheaper rate... If anything, I’d rather this kind of shakeout happens now than later. Team is still building, network is still running. That hasn’t changed. @ice_blockchain is very much alive and building! I personally have an Ai Powered platform built On-Chain, massive and fully functional that I am yet to disclose to anyone... So products are coming on #ION 🚀 If you’ve been in crypto long enough, you’ve seen this before. It’s not new, just uncomfortable.
