Nothing out of the ordinary here especially with such a high amount of tokens available.

It is going to take a while to sift through the ones who are dumping. That is normal. However, with a 9 month powerdown, it is going to make life tough once those are sold.

Any new project needs to get the tokens in the strongest hands possible. Weaker hands tend to get a lot of a token early on only to dump them.

This is a process that takes place across every token ecosystem.