Minus 7,5 % the last 24 hours. Volume decreasing.
In total it dumped from 0,54$ to 0,42$cents. That is close to 25 % and that is not even the worst news.
The rumours are confirmed. The circulating supply is now 200 million. An increase of 100 % in the last 7 days.
Where are the rumors confirmed. Cmc scans wallets
Two possible reasons:
1) FUD got to brainlets and they sold due to increase in market cap (even though this was all in the white paper - similar to EOS's situation really with blockchain launch).
2) Price is being manipulated to accumulate cheap.
I personally believe the latter.
Trading comps also always push the price then a slow ladder down maximizing trades.
250m in 2 months... u pajeet fag (+50 M)
This too
combination of FUD from supply, competition ending amongst some others but its all pointless really. Expecting big news next week from roadmap update/conferences and exchanges. 50 cents will seem cheap if you just hold
>I personally believe the latter.
That's called confirmation bias.
if u dont see how this is the most ground breaking thing in the crypto... then u deserve to die... because this is the most important project in crypto... and this is the next paradigm like bitcoin... this is bigger than ethereum, neo, eos... if you cant understand NKN, u're just an idiot who's trading and holding 30 minutes. his 0.01 eth.
Chris Wyu in Telegram:
>Supplymental Clarification on Circulating Supply of NKN on CMC (CoinMarketCap):
To those who may have concerns about ~51M circulating supply increase on CMC, from 100M to 151M:
This is not a sudden increase of additional 51M in this week. Actually 100M tokens (10%) was released to private investors on May 28 as 1st vesting period.
However, CMC did not count private investors tokens from the beginning and only counted public sale (100M) as circulating supply. After several discussion with CMC over a week, they’ve updated the numbers to reflect the actual numbers. Their number is based on tracking the actual trading of the largest priviate investor accounts.
In summary, the total circulating supply in the market is 200M now (100M from public sale + 100M from private investors) and for the rest of 150M of private sale, it will be released by 50M every two months. So in 6 month from May'28, there will be 350M tokens in circulating supply.