does the wallet needs to be fully sync so I can get a working backup or not? would be nice to test if the backup is working fine
Nope, You can run the Backup anytime even before fully synced.
There are some definite shenanigans going on. At SouthXchange the once melted 2 sat sell wall has now grown to over 135 million Zeit. Seems someone is trying to manipulate the price. I wouldn't be surprised if whoever it is is buying and reselling their own coins.
Why would someone do that?
No idea. People do stupid things. There were buys happening at 3 sats. Weird.
Some High Money traders buy up enough coins to make a large sell wall.
These same traders place Buy orders at cheaper walls, forcing the desperate or the ones that have no faith in the coin to sell at low prices.
These Traders do this until they own a Large Monopoly % of the coin's Quantity.
Once they have the majority of the coins, they drop all their sell walls and drive the price sky high.
This causes an influx of people seeing the price increase and not wanting to miss out.
A recent example of this is noblecoin , where they were held to less then 5 sat for months and sky rocket to over 88 sat,
buyers flock in and the traders then dumps for many times what they purchased at , making a huge profit, now less than 55 sat and dropping fast.
Classic Pump and Dump. At this point in time , Probably 1 guys owns ~70% or more of Noblecoin.
FYI:
One Reason for the Knights was to weaken, this pump and dump maneuvers.
As the Old Knights won't lose faith, and New Knights can take advantage of the lower sell walls.
