The motion proposal stated that the newly minted tokens were dumped on icpswap which is incorrect. They staked all new tokens. The only tokens they did sell were from a treasury transfer and not newly minted tokens.
And tokens sent to a canister still hold the 1 million tokens from this mint event.
Other than that I wonder why dfinity voted to reject this as well as CO.Delta and D-Quorum. (Im not asking about code gov as adam has stated his theory for it.)