I am highly suspicious of the ETC price manipulation that the recent news has created.
1. Before the news was available the buys at Poloniex were 5K
2. After the news the price started going up and buys went to 6k
3. During the dump the ETC was greatly absorbed and buys went to 6.4 k
4. If the hacker sent 2.x million coins to Polo then he must be verified.
5. Polo is aware of the situation so they would know who he is and would freeze his funds until the situation is clarified.
6. If he cashes out (trades) then the hacker could not withdraw the funds from Polo unless he has completed the verification level.
IMO it would seem very difficult for the hacker to get away with this if Polo is aware of the situation.
My conclusions:
1. If the funds were transferred to Polo and if the funds did not have a rightful owner then Polo would be responsible for allowing the thief to steal the funds.
2. If the funds were transferred to Polo and if the funds have a rightful owner then Polo has no risk.. maybe they belong to a foundation member or whale. In this case ETC price would be under pressure and the market would absorb the coins.
3. Whatever the situation is, it is clear now that ETC is doing really well and has a lot of support from buyers. After all this dumping, the prince has only moved by 9% by 1.8 million coins traded in last 6 hours = 6000 BTC.
This value (6000 BTC) represents 26% of the daily volume (22873 BTC).