If I’ve done my research correctly “1DUb2YYbQA1jjaNYzVXLZ7ZioEhLXtbUru” is the Bittrex wallet.
What I’m seeing is that 1.3 million MAID have been moved from “1PQKsLwTq8rYXJUZ8R1t1bgdSh1ea66o1e” to the bitter wallet. This address has been credited the 1.3 million maid just minutes ago from address: “12VamRhmcgsWWKWdNuzWqVYTvnuk2Dsx9b” which is an address that has been accumulating steadily from 2013 to 2018, then gone silent for 3 years, until now.
minutes after arrival at the exchange those 1.3 million have been sold into a magically appearing buy wall of over half a million dollar. Someone big selling into his own wall to accumulate some more?
Enough people to make the ~27% spread between 49c and the current 36c profitable for the whale who makes the wall…
It doesn’t have to be (and probably isn’t) longterm holders selling into the wall. I think there were probably people who got in in Dec b/c they thought development was picking up, who have/are running for the exit.
So far my prediction of .70c looks off. My take is it all ebbs and flows. Whales cycle through small caps, mid caps, large caps, and BTC to maximize gains. So after the coming BTC pump we should get some good relief and hopefully solid gain.
See a lot of chatter about BTC and MAID price ratio widening and why it’s happening. Would that divergence be there if investors had access to both coins equally? BTC = worldwide access to all crypto exchanges, plus it’s the face of Crypto; versus MAID = one exchange, no US market, and no publicity or marketing. Apples and oranges.