It seems that some people here are spreading FUD like crazy.
If DEVS wanted out they could easily do that at the timeline when snapshot was announced and coin price was 20USD, why would anyone sell their premine coin at this price?
Are you serious?
Noi they could NOT easily sell their HUSH at $20. There was not enough buyers (aka liquidity). They have $300,000+ in premine. If they dump $20,000 of it the price would go from $20 to ZERO because they would wipe out all the buy orders with their sales all the way to almost zero satoshis.
For example all of the buy orders at trade satoshi only add up to about $1200. Thats a far cry from $300K they are holding to dump.
Another example, if you dump only $50K worth of HUSH at Cryptopia, which has a much higher liquidity, you will cut the price in half.
So one way to get out is to build up hype that lines up buyers, a few thousand bucks at a time. Then you grind through the buyers by dumping your premine and keeping teh hype up. Typically you stop dumping your premine when the price drops and keep working on the hype to bring in new BTC.
Everyone makes shitcoins to get BTC, everyone wants BTC. (well ICOs fabiractors want ETH)
I suspect this premine is only 20-30% through. They still have a lot to go but tired of waiting and want out.
Remember sometimes there are multiple devs with premined coins (in this case two of them) and they may not trust that the other one does not dump on the newly brought in newbie buyers.
A fork hype seems to be the newest way to bring in fresh meat BTC owners to line up with their BTC.
