Your recollection of what triggered the initial dump to 10 cents is not accurate. It wasn't "some stakeholders" that decided to dump a few weeks after the airdrop. The crash happened when Upbit distributed their portion of the airdrop to the traders on that exchange. I wouldn't consider people who live by speculating on exchanges as stakeholders (in the strict sense of the word).

Semantics aside, your point that having funds locked is beneficial to speculators in detriment of vested holders is on the mark. It's quite obvious, people buying the coin on exchanges are guaranteed not to lose by virtue of the vested stakeholders dumping on them.