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RE: Steem just dropped 18 cents right before my eyes. What happened?

in #steemit8 years ago

The Whales (some of them) are powering down. Really the only way I can see the site being successful is for the whales to continue to power down, so I am thinking it is a bump in the road.

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Ah cool, thank you for the information!! So basically it'll dip for a bit but in the long run this is good for the network?