The counterparty to every seller is a buyer... I mean, this is how price discovery happens. If you want to stop all selling you also have to stop all buying.
How much does hive.fund dump in the market every week?
I was wondering why the Steem price had caught up with Hive despite their four-week powerdown. I think it's because it just runs on autopilot. Like Doge, they haven't bothered with new development - the upside is that there are no developers dumping coins.
Well with Steem there is a choice being made where Justin Sun isn't dumping the premine and crashing it to zero. He may even be propping up the spot price with a little bit of money just so the project doesn't look completely dead. It's unclear.