(Just to make this explicit: I don't have any info about $MTA market action, and we have a months long lockup on our tokens.)
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Meh it's a complicated situation. On the one hand I have a bunch of thoughts about how to do a token raise in a healthy way. On the other hand, we definitely sold too much FTT in ours, so not sure I'm really one to talk! It took ~6 months for FTT to break much above $1.
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I think that issue here is not about the tokenomics or distribution release.
The crux of the entire situation is that 3mil $MTA get released out of nowhere with no warning, which effectively doubles the circulating supply.
And, today is not even the 4th day since their ICO.
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Ah--tbh I'm not fully up to date with the drama