Some are questioning why this current spike in price hasn't been followed by a dump. It is quite clear that this wasn't a pump and dump. It was one person buying a lot in a short period of time. A period so short that few dumpsters had the opportunity to ride the wave. Had the price increase been slower then the dumpsters would have joined in the buying only to dump later.
I think most likely it's a quick and large buy order that gets executed almost immediately which causes the price to go up fast like what we just saw. Dumpters may not react for now because whatever the sell orders executed during the course of the price going up, it has already been factored in. The next coming week should be interesting to see what's the next direction. As of now, price is still slowly inching up.
Price seems to be stable right now.
I hope $250 holds for some time at least.
