Guys.. 3 BTC is not a whale.. nor is it high frequency trading..
This is just some regular speculation buy/dump trading..
People don't have much patience in altcoins.. lots of competition.
That's just the way it is around here. If we don't have good news on daily basis/hype.. some other coin will shine that day.
Always bet on the community, and the dev team, imo.
agree it's not real HFT but:
-they most probably have some proprietary software for trading on mintpal ( one can buy a bot for cryptsy and btc-e but not for mintpal )
-have seen large transactions on mintpal on the screen less than a second ( as close to HFT as mintpal can do )
-this - as i say , whale , - who might be interested to invest in Asiacoins anywhere from 100 to 500 BTC ( at rock bottom prices ) most likely is doing same thing for a number of other altcoins . might have capital for only altcoins something like 5000 + btc + has ability to write good working proprietary trading software
still way to George Soros levels but for altcoin world a word , whale, seems okay or not ?