There is MASSIVE dumping going on at MintPal in the last couple of hours -
Like tens of millions at a time
2-wall is rapidly disappearing.
Is this 'supporters' giving up coz the price didn't sky-rocket as soon as the reward reduced to 1/block or is it whales or what?
Any theories/confessions?
ANYTHING to explain it?
Lion my best guess which I am probably right is that the investment side is filled with the minute generation and by that I mean if they don't see something happen immediately or a few weeks then they bail. This is another reason why I think the multipool will help with our stability it will have constant buying at 3 sat wall which will increase the odds this coin will rise.
I also believe if that 3 sat sell wall dropped down to a reasonable level the coin would rise its disappointing seeing that huge wall there and discourages people to invest.
I've been in contact with our 'secret whale', he is shoring up the 2-wall, we REALLY don't want it hitting 1, EVER again