Well...people putting way too much money behind a stupid bot that's following different sources in a dumb way is not new...but I do seriously doubt it. Of course, before a bot crashed the market based on a tweet that Obama was dead forever ago, I wouldn't have though that was possible. Well...I do think it was probably people putting way too much money into a stupid bot...but not one that reacted to a blog. It could have totally be a few dumb bots reacting to each other though.
Maybe by some sort of crazy, it was fully intentional though. Maybe someone was buying a ton because they knew it would be worth it, and didn't care much about if they bought it too high, because they're gonna be selling it way higher. Or they were manipulating the market.
Ding ding ding... that very last point is the one I think is most likely the most accurate one.
In my opinion, someone loaded up knowing where were on the charts, that if they pushed the market up a bit, the bots would run with it.
So they did just that...
Lambos for everyone!
These people must have a whole list of manipulation techniques...
You'd be surprised... or perhaps you wouldn't. :)