no idea and many wonder the same thing. some guess that something to do with move to Italy (I assume that they are still moving there), but impossible to say.
Only good thing is that Algorand trading volume has increased recently so will absorb that impact better, but still sucks.
I’m thinking maybe they are selling in the market so some other entities can buy cheap at scale. But I agree, it seems there are enough buyers to absorb if market conditions don’t weaken. If my understanding of market flows is correct then if they slow down or stop selling, there is a good chance that the Algo price goes parabolic.
assuming the list of wallets is up to date
H7YXGT7NUAXNM4AG65KRBDC6WDN43VPA4EQOVYRKVWHJRWD2M72QNUAQDQ 1.03
QASMLOAKRO6IT4C6HDLQRUOWK2L2IXHVBTGLH6F5LWJNN2BTJKLNRJFLX4 0.00
WHOLJYVHN3KC7WHMQDDZ6BEA6IRWXP2ZMFNVJ34GNRO2V54VA2MN2FTHQM 0.00
AYFICQYP6UIA3RO5SJG2UV4JKQ5W6DFX4CO5FLEZZZ7UBWHPAQNOUSP3FM 0.00
RIG4RE54D26GCQLOVEYH6BVNL23TSND4U2AMOEO2PKWWBW5OKCCR2JVKNQ 0.00
2AQIPA2JCAC6VG4VGKIEAHEGZZ3OSGNOEGGUCY267EUT2KR2WYKRQNDF6Y 4,342.60
KD6YZIXIUJBWEXKUKX5PUORGE5GG6HWYL7J2OWVPN7D2DHM6ADW4JJFHDA 200,971.39
H4XDB6FD7FSIYZY37L5QGBTU3SUPHZDMVNWPWGKVFYP7OCQEPQ6N36QKXE 184,673.90
R2IVYKGTMX4ANRHMBH2HPRI63L32S6HYFQBEBPMSZ4REYHPMTC3DNQHGQI 85,152.46
LG25EOERNGOJPH3JGCEJJJOHTBMN5RKQLWX6VH2FRHAZURQNNOBEIVRJ6I 30.18
3FWZM73JLKBTBCNAEX2VEX2HEIR7SIYIMWVB5HCAJZEMDYNU3VAFXEEV3Q 10.00
A4DZFPQEGL5UYVRLZLETVWGLD4EJJFZOFK5ENEH6W6BHN4IQGMO4WQP3XI 10.00
QRDMSH62BBDKBEZBNKIZJ6CDY5FCPAUG7R7T2YPFKJ5A54FF3KPCND3UYA 10.00
G77MGMFIPPC7VJ4Q23ZED4CQ4LKQBKQQST56LHVVP7ZD35HDLVXBXVAM6M 10.00
KA6RNQUO2FZ757CKMVEBIDONOLC2SEK4DDRDHZ7WAAIRL6XJZ5JBFT7HPE 10.00
5WUMBMLT5HV4UZTPZJ7PWSWXAVBOOUAB2PCSF56X5KIMACA5H24GD7JCHQ 10.00
EW55TNSG6LHDH7SGRWRWMJBVR7ERFN35EAE2LHGQO45IT26U3DMH44FK6Y 10.00
T4BXWLS4CR6XZ2EAIXCZUO5TTEP6RQKRGUOFKQFTK33T2ZX5HGLAMHW6GQ 10.00
GQT7FSVUGJAKVLPUXDXNTJIYJFFR6VZ7C6GXPM6MIXWI4H5LJZFJPJINEE 10.00
5MFY45QLCKISYOHSMSPISUYNLQRNYZIBK6B7YIT3H5MCZNOFOLFU644MWY 10.08
EUE6WRR6K7D46LGSTHIVPFXIAVQCE3J5HRL4SNPPONEB3SCZQ5CPWMVMXU 10.01
5LKVJCVRAKIA7R6QW3D6AT5VZ56MWSACSPGPZXHKPOUV2Q7ALJP56B3CYU 3,673,293.01
R6O4LVNOHZ67LAU7N7745AARBE4ULY7SI4YYVZXETXZPH66SG6S56WQWU4 4,052,285.98
FOH5SLWRYJPAJDE3KBZFL6C74NYFSMHPYGNTGTJIIDFSSVKORKJNNS3QDA 5,000,010.01
YOM5MW4PRIUBHNT2D2BNQQNDGJSFC3FLH5O64XEAPHVLPUMQ6R7IRMJZEQ 5,127,375.51
RU6SKR7E65JRUCVNEEYHDSMNRMMLX45XFIVMD4Z677MUOO4C576XDYXOEA 5,000,010.01
VCIGK4KGH5OHO3LM55KRLCO3PCWOEYPDJYIMZPEJE3WQYKVNFUDQ3BCNEU 15,097,991.65
3JWABOWW6LV7T7A77EL3Y66RO22GTIGFHNIYHNTIF6S2TAH3VB7QEK5SD4 15,947,393.80
JHCVUBWAJHEMNPBZDNYVXK6DNRFUJWNLWXDDLLBOLIL3KFCQAOI3XVMWOA 32,209,630.22
PZ7TILKNWVGJTAWF7YSBYDHT44SN6NQJXHI55ODGJXGXHGB64BH6MBDGFY 32,209,629.99
DEK6IBQKSX5JPKUSIDCLRUEXTAJLSEM5EFZWXDDYYVPKBH3JOS4NPT477U 30,120,113.83
R3T4HFV3QXOHCZHRSQDJATCI2E7KHFA4BAWG5C6CGS3MGFNUFSI5FAYEN4 50,272,000.87
4SOZXGYC5MGZ4S24LX3MHOLYVBZNOHNUN5MP4E5TLX6TXP22BZ6KNN4UQI 10,017,122.64
MLRAZSB6RAJHANQUO3FFSURNA5JTV7ULOCS5EENMHRY6AMRRGLWF53WY6U 1,250,000.10
P6ZE4A7EROHWM5WZAJ6ROBXRLZBE4ZW3ST54CKD47OBTLBLDUB2VFUP4DA 32,638.75
55JRJV5VC7DEWNOG3RJIVINRPN25TWNPMBPM4LFTCUEBIU3TSMONCM77DI 932,132.48
X7COW6GCOY4MDEHKA4RI3UMG7TGTUUE7FIFJBT7E7YXOLJLHZBFB6TBOGQ 8,836.66
TQC3A2VZZADIKK2S3UHOQQA2UD2HVR27UJZVLNKZ5EMPMRM3RH6CC75HHY 4,161.85
ONXWLR5UEXMRHC3HRVOFXLKGHTZTKO3OFXYILQGRXMSM5DT756M7QQ2EU4 5,893,378.97
5CVWYMKFRIP6QERE5O756V3PYVNZWQ4JCO25RBLRIWBBDJ2KQEZZAN7W3A 375.00
total: 217,323,662.93
OP posted this about 9 months after Staci took over(that was in 2022). We are in 2024… Time to reflect?
Hi, i think there was great step forward regarding the grants program…
Before the grants were closed and it was unreachable for me, and since there is open grants program the xgov, people has voted for my proposals and we are building new things. Before the only way to get some funds for project was to win the hackathon or to have close ties with decisionmaker. Now it is much more transparent.
We need the same thing also for the VC investments and if we will have the option to give algorand back some profits the algorand may be sustainable after 2030.
now 211M left. just dumped 6M
We need some clarification/update from Algorand technologies on why they are selling so aggressively. They are killing the momentum and price action at the time that Algorand has the chance to shine and move much higher in the market cap list.
of course that would be nice, but Algorand Technologies is private company, so there is not much we can do. I hope they will tell their plans just because they want to be nice. but unfortunately it is up to them.
ALGO is young. Give it time.
Yep. That is why we are here 
I think Algorand tech is just amazing and we will be fine.
Another 6M dump today! now at ~205M. Wondering if they are gonna stop at 200M and leave it there.
I think this is a really great point. Over time, I think it’s very possible Algorand can grow to success with more global adoption, or to scaled institutional adoption.
Another 2.6 M today. They are using any opportunity to sell. Not sure WHY?!!!
@awesomecrypto Probably they need REAL money, and today Algorand has gained 18%.
As I remember, they have a policy to sell only when Algo price rises, i.e. passively.
Then, what is the burn rate? Why is it so high? They just sold 100M Algo. At this rate AT may not even get to 2025. And does anyone realize that all this money should come from the community? And there is a real negative impact (relative to other chains) that it has on the price action, momentum, market cap rank and overall sentiment?