As someone who knows the entire team as well as the founders for years now, I would like to write a few words on this.

Similar to what big Jon. stated in his reply, no sane founder would kill his own project by dumping tokens. Especially if these people left their traditional careers, spent years creating a Web3 company, building a product and launching a token without hiding under the shield of anonymity.

Let me also briefly explain my thoughts about current price action.

According to my years of experience, such price drops do not always mean that someone is dumping tokens in bulk. Instead, drops can be very well explained by many small sell orders which have the potential to create strong supply runs. 

So to say, dropping millions of Dollars worth of tokens to the community is like playing Russian roulette after drinking 10 bottles of vodka. On one hand, it can create community impact as in your example. However, on the other hand it can affect order book balance and demand dynamics more than anyone…