Are we waiting for something?

So the big whale dump earlier today has had me thinking more about this. If one big dump can cause a 10% drop in price like today.. what will 1.5 billion potentially do?

We hear a lot of people saying HODL, a lot of posts of people saying they are locking up for the long haul .. but since PI launched the volume on CEX went up from 110 million to 250 million and the unlocked pi has steadily increased faster than the pi locked up.

So my question is what are the 1.5 billion waiting for?

I posted before that I believe they are waiting for a major exchange listing to capitalize on the bull run leading up to and immediately after before dumping, but I want to hear other explanations?

If they want to HODL why not lock up for the enhanced mining?

This subreddit is passionate but makes up a very small percentage of pioneers. So it can't speak for the majority.

This isn't a rage bait post, but a genuine question for rational alternative answers aside from pump and dump.

Am I missing something?

So the big whale dump earlier today has had me thinking more about this. If one big dump can cause a 10% drop in price like today.. what will 1.5 billion potentially do?

We hear a lot of people saying HODL, a lot of posts of people saying they are locking up for the long haul .. but since PI launched the volume on CEX went up from 110 million to 250 million and the unlocked pi has steadily increased faster than the pi locked up.

So my question is what are the 1.5 billion waiting for?

I posted before that I believe they are waiting for a major exchange listing to capitalize on the bull run leading up to and immediately after before dumping, but I want to hear other explanations?

If they want to HODL why not lock up for the enhanced mining?

This subreddit is passionate but makes up a very small percentage of pioneers. So it can't speak for the majority.

This isn't a rage bait post, but a genuine question for rational alternative answers aside from pump and dump.

Am I missing something?