The Len token seems to be heading down though. I noticed the uptrend it had had for a couple of weeks, or perhaps months, until recently. Is anybody but me dumping it? ;)
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Hehehehe... We had 2 big whales and one of them decided to sell their tokens, or better said move them to work for it... This means, better future distribution of tokens... 🙂
Nobody likes big whales in any token! We will see what happens in the next days/weeks... I'm not worried about it at all... ;)
They could be helpful - I believe many shitcoins are being hustled by whales day by day. With a decent share, you can manipulate the market, which is still decisive when it comes to percieved value of cryptocurrencies. In my point of view, that's one of the reasons Hive struggles climbing up - people dump it rather than trade it. And if you're a whale, you usually take more profit for curating than trading. Not mentioning the power HP gives you over the ecosystem - it is called Hive Power for a reason.
And if you're a whale, you usually take more profit for curating than trading. Not mentioning the power HP gives you over the ecosystem - it is called Hive Power for a reason.
Yeah... agree with you on that... Another thing is that whales can "leverage" their HivePower and get (monetary) value without selling their stake (some do that, some do not)... That is something that dates back from the old blockchain, and unfortunately, didn't change...