Someone sell millions togheter,then again buy millions,then again dump etc etc.
Really can't understand this way of trading.
And which will be the result.
Miners need to pay attention to this.
If they have not strong hands,they could sell low and day after price is double up.
I'm quite sure is a team of whales,or some solo trader with good amount of btc playing with this coin.
Maybe it's just playing with order books before real trading starts. Usually in POW phase most miners will dump. We have to wait till POW ends up and we need the DEV to feed this coin with some news at least once a week so that investors feel confidence there is some light at the end of tunnel. What is important is that this coin probably attracted somebody who owns more then 0.01 BTC in his pocket and this is just the beginning. The most successful coins usually are successfull because of great community, example Blackcoin. I don't deny that I'm harcore BlackCoin fanatic and I invested in it long time ago because of unique community. So to say, the most important feature of any coin is its community and not really its technical features. Aaand there must be no smell of scam and so far I haven't found anything scammy in this coin.