I never mind when whales are selling, since it's good for the platform. There are also some whales that keep buying though, look at the biggest account on the platform for instance, now imagine how many minnows and dolphins are selling directly to him on the inner market or exchanges without even knowing. I can't think of a good reason why people that have spent a lot of time and effort are selling back to whales at these prices. :shrug:
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Maybe they're trying to use convert?
What?
Sell STEEM for SBD and then convert it back to STEEM.