The ICO price for this coin is 10k sat right?
Why is people selling below ICO price?
The truth is that there was a significant reserve of Incent that was acquired at a special discount by several investors who were willing to buy 15 or 25 or more bitcoin of Incent prior to the start of the ICO. Clearly that early investment boost was crucial to meeting the target of their crowdsale, at a time when the Waves token ICO was a concept that still needed proving. I think it might have been only 1 or 2 of those individuals who actually decided to sell that Incent on the exchange for profit. There is nothing that could prevent that. Given that they paid less for their Incent than anyone who bought during the ICO. It was most noticeable when OpenLedger was the only exchange available. Then you had a secondary sell off from people that bought those cheap Incent, then wanted to sell for profit given that Incent has risen in value since they bought it a couple months ago from the pre-ICO whale. It looks like that action might be coming to an end though.
The other dynamic is that some investors think in btc terms, others fiat. So a gain in one may still be a loss in the other.
We've always said that for the hodler, it will all come out in the wash.
