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RE: @ned & @dantheman DUMP 50,500 STEEM on Market today! WTF is going on?!

in #steemit8 years ago (edited)

Previously, DTM has said that they only put sell orders on the books at or above market. Given the extent of their stake, i seriously doubt that theyre putting money on bittrex and just eating up the bid book.

End of the day, Dan and ned getting rid of steem is a good thing.

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that said, if you look at the minute by minute candlesticks, there do seem to be periodic massive dumps (lol i said massive dumps)... unless its some kind of price manipulation, it really seems like whoever is doing it would benefit from a slower release.

Yes, a slow release of a massive dump is always the best method ... in more than one scenario. ;)

agreed. too fast you might break something down there.