What a weird and fucked up world we live in. It looks like the recent crash was sparked by Chinese corporations who hate Justin Sun. Ya know, the Tron guy, the guy who did a hostile takeover of Steem and resulted in the creation of Hive.
Someone posted anonymously on 4chan or one of those sites that there was going to be a massive play by China/PRC in crypto. It would result in a big selloff and drop the prices so low. The goal was to liquidate an undesirable stakeholder. Once they lost their funds, there would be quick buy up of reserves and leave him bankrupt having lost his collateral.
This was posted in the LeoFinance discord yesterday:
Note that the 4chan post was made on the 18th, before the big selloff on the 19th. Looks like the insider was legit.
Then yesterday, a tweet was made that point it out through the undesirable stakeholder was that they attempted to liquidate. It was none other than Justin Sun who apparently had $1B on the line.
Here is the tweet in question:
https://twitter.com/PhABCD/status/1395017173006012418
- PhABCD
Looks like Justin didn't get liquidated. They failed.
So the 4chan post projected $70k real fast... doesn't look like that is happening... at all! LMAO. Where are these whales buying shit up?
Maybe they are buying it up. But there are still many people who think this is a bear market now and are selling as soon as things go up a bit. Who will win out, bears or bulls?