Additional plus are frequent airdrops, EOS are releasing 4 airdrops in June, they intend to reward their hodlers. This fact goes in favor of those who think EOS price won’t drop or even go up following the mainnet deployment. Block.one could have been saving up this flood of airdrops and big news reveals for the main net launch. They know people like to dump and they will be working to break that trend with the airdrops.
It will be interesting to see how fast EOS token holders will activate their accounts. If most of them are lazy and fail to activate their tokens on time, it will take a while until most of the new tokens are activated. Less active tokens means less supply in the markets which will drive the price up. But on the other hand, it’s highly probable that most of lazy hodlers have their tokens in exchanges and that process of activation will be done for them automatically.
However, psychology is interesting and it clearly indicates what people do in similar situations: they sell. So, the most likely outcome is a slight selloff after launch because that’s just what people do. It’s the whole “buy the hype, sell the news” mindset. Where the launch will be the equivalent of selling the news.
For most traders there will be a massive dump in order to secure the gains. It’s a far better strategy as they can sit back and see if it’s worth buying again in the days following the launch, rather than risking everything.
The dump itself will be enough to push the price down, which then begins a cascade of sell orders.
We might even see a 75% correction before those buyers move in again to buy at lower cost.
