Token selling
Howdy folks. We’re expecting a mint of 400,000 credits in May. However, I’ve come across a series of transactions that raise some concerns. It appears that the CEO of DOVU is still selling tokens.
This transaction, for example: https://hashscan.io/mainnet/transaction/1778533302.725808000, shows funds being sent to a Kraken wallet, which I think means they may have been sold there. Additionally, his primary wallet seems to be 0.0.834151. He doesn’t hold more than a few million in Dovu across a few accounts that he transacts with.
I’m struggling to understand the rationale. If there’s an expectation of increased token value, especially with the upcoming 400,000 credit mint, why would the CEO be selling? To me it suggests that he’s not expecting an increase in value.