To avoid having to reply multiple times, let me summarize everything here:
First, let’s set the context. As mentioned by @mariuszkarowski, Probit is indeed the only exchange recognized by crypto aggregators like CoinMarketCap and Coingecko.
The daily trading volume on Probit is relatively low—just a few hundred dollars—so when someone wants to sell more than 720,000 BLURT (around $2,280 at the current price, which, let’s be honest, isn’t much for a cryptocurrency), they’re left with two options: be patient or dump their coins. In this case, our Blurtian chose to dump, unlike others who’ve liquidated their accounts (not just this month) without dumping.
It’s important to note that a dump like this doesn’t reflect someone aiming to profit from a price increase (otherwise, he would have smoothed out his sale like others have done). Instead, it shows a complete abandonment of the blockchain due to lack of interest.
For me, Probit remains a logical choice, despite its lack of liquidity, as I’m convinced its fees are lower than those on Hive-Engine, especially if converting to Hive or Steem isn’t the goal.
By analyzing transfers to Probit between November and December, here's what's relevant to share:
In summary, as long as we can’t increase trading volumes, grow the number of Blurtians powering up, or attract new buyers, the price of BLURT will remain easily manipulable with just a few dollars.
And yes, @drutter, I genuinely believe that holding over 1 million BLURT qualifies you as a whale. 🐋
Thanks for the extra info Nalexadre, great 'post'! : ))
I hear Agorise is thinking of ways to get us listed on more exchanges, which should help things.
-- mini-whale on a mini-blockchain (but growing)