The remaining bull case for pump here is this is nearly 50% down from the ICO price. Those sale proceeds can be used modestly to rebuy, as they have effectively scalped the ico buyers. A rapid move back higher would change the narrative, and his confirmation of no airdrop would make fresh buyers more comfortable buying. At under $1b circ, even the ongoing $250k/day of buybacks is nearly $100m / yr. Early round investors would also come out of the woodwork to defend their bags, as further deterioration begins to have longterm implications.