Dear MovieBloc community,
I'm sure many of the members here are frustrated with yesterday's sudden drop. Since yesterday's listing, we MovieBloc team have been discussing with Gate.io exchange to analyze the buy and sell related data.
Below is our official statement regarding ongoing MovieBloc trade at Gate.io.
Firstly, we assure you the foundation/team are not dumping or selling any MBL token to gain cash and bring loss to the token holders.
Yesterday's selling power is from the tokens purchased during the previous 30 minutes; the largest single transaction with 51 million MBL token was made after the person acquired those tokens in previous purchases. The further explanation on the sudden drop in 20 seconds is also available in below two announcements by gate.io.
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https://www.gate.io/article/16859 -
https://www.gate.io/article/16861 (Only available in Chinese, but the Google translator works fine. On its third paragraph, gate explained about the sudden drop yesterday)
It took us some time for us to fully understand the situation and provide accurate data to the community,
but our team will continue to develop the project and come back with more positive news and policy for the holders and supporters of MBL.
Thank you very much,
MovieBloc
