Devs dumping STEEM.
So what caused this massive dip in price?
EDIT: seems the are dumping to previous prices as to allow it to still rise. Basically playing the market.
Even though ned is dumping and i suspect some whales the rise looks very promising. I mean with the new features etc. Lets hope they are not manipulating the markets for personal gain. If not then steemit could be on the way back. I have already bought by steem. Have you?
Check neds account. He is the only person with the amount needed to do that. Think the time frame is a tad suspicious. Just saying i don't think his heart is really in it. I wonder if that was even half of what he sent in fact. I don't think it is.
Check out contentjunkie's post about the transfer just after the announcement. https://steemit.com/steem/@contentjunkie/why-ned-transferred-100k-steem-to-poloniex-minutes-before-today-s-announcement.
Them dumping seems to imply lack of faith in steemit. Would show way more faith by holding it in their savings. I mean if the guy at the top doesn't want to hold why should we? :/