Last week I bought some HBD on the internal market and noticed that several 35 HBD transactions were made. I now see that the hive fund also buys 35 HBD per transaction so assuem it was this account buying from me. But why ? It was only a small transaction of 740 hive.
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HBD is overvalued at the moment (above $1), so the hive fund is selling HBD for hive, then converting the hive back to HBD at the $1 dollar rate.
This helps stabilize HBD price in the long term and burns some hive.
OK ...... so also with small trades