anyone else notice the price manipulation on power last night.
power was rising steady. the price then dropped from 0.70 to 0.55 in a second, followed by a wave of sell orders around the same price. then a steady climb. and again price got slammed down, steady rise, slammed againa, steady rise, then a steady sell off - due to paniced investors - job done. this all happened with volume over 178 million - it does not make sense.
someone or group has been surppressing the price in my opinion, question is who and why.
the other thing i have noticed is that the circulating supply of coins has gone up. about 8 hrs ago it was 349,635,026. now its at 349,949,266, which means powerledger have deffinately been releasing coins into the market, so why around 0.60. could they not wait until the coin had found its top ffs. if anyone can find the circulating supply history it would be interesting to see.
is it in their best interest to keep the price around 0.55 for the powerledger business model to work, get started. would a too higher price hinder thier growth ? ( thats if it was powerledger manipulation ).
if powerledger needs the price to stay in the 50-60 price range then they can easily stop it rising above it. they got another 650,000,000 tokens to go at in reserve.
i know there were rumour's of a pump and dump group going around, maybe they were trying to stop this.
can someone from powerledger give us some answers please
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