been live for say 2.5 months.
A rough calculation shows that ard 300-350k SDN has been distributed to dapp developers.
You need to consider the kick backs that some of them are doing.
Do you really think 350k SDN can cause such a huge dump?
Yes I think can... U don't need alot of sdn to pull down the pricing. 1. Sell pressure is constant. 2. Buy pressure is minimal. Supply and demand. Supply is more than demand, price drop. Tbh.. in shiden case. I don't think u need alot of sdn to bring down the price. U just need constant sell pressure. Unless buying pressure goes up then it will not be easy to pull down the price with 350k sdn. But since the team doesn't believe in marketing, which I can see ur point as well.. then there isn't a buying pressure to cater to the supply.
In this case, the crowdloan rewards can cause >10x more sell pressure.
If what I say is correct.. then I guess sdn will go down all the way till end of vested for crowdloaners. And astar will go down for 2 years till end of vested for crowdloaners
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