Do you have any idea who buys HBD? Is it algos, idiots, or whales that need to convert to hive but don't want to push the price up?
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Do you have any idea who buys HBD? Is it algos, idiots, or whales that need to convert to hive but don't want to push the price up?
Speculators betting they can sell it for even more than what they pay would be my guess. These probably overlap with some or all of the groups you suggest.
Ultimately it doesn't really matter except that it's a good thing if we have a product people want to pay a premium for. There can be multiple reasons why that may be so.