http://explorer.karmacoin.me/address/KFz9bEkWJsNuNojopV78Z85ab8s1WRHnKr
someone owning 2.2 billion karm moved today 10 transactions and created 990 million Karm wallet. If single person owns 2.2 billion this way, than do not be suprised when KARM get dumped this way. I only do not know why now. There were much better options 1 month ago, where there were bigger buy walls.
OK, it seems someone was holding 1 billion KARM at cryptsy and he withdrawed them to the wallet. Cryptsy has limit of 99999999 per withdrawal, so he had to do 10 transactions.
So this is proof that people were holding KARM at echanges! 1 billion owned by 1 guy and that karm was not in orders.
The withdrawels happened 6 minutes after the last sell order at 10 satoshi.
This is our guy. It was him, and his coins are now of the exchange into his wallet. This is the guy that knows there is going to be a sell so he puts them last minute in his wallet for profit.
Good theory?
we used to have a big player mining and dumping several months ago.. then all of a sudden it stopped.
at the time I theorised that it could be someone operating a botnet.
recently (about 4 weeks ago) I saw someone on one of the p2Pools mining with 87 Megahash on one address.
at the time I theorised that this was likely a botnet operator since any legit miner would need about 5 houses or a fairly large industrial estate in order to mine with that much hash.
it is possible that a botnet operator or a whale that had stopped dumping for a while is now dumping their own coins again (along with all the other theories that have been put forward)
at this stage it is vitally important that we rule out Karmashares having anything to do with this dump whether it be insider trading, a hack attack or someone doing a runner.
Karmashares LLC is the flagship business for Karma and one of its largest holders so naturally it would be a huge blow to the community if anything bad happened there.
so far people close to karmashares seem confident that this is not the case but some official word would be nice.
until we get some official word, healthy speculation is good but try not to panic...
I am happy to keep buying as many cheap coins as I can.