What's going on with Steem: is the price being manipulated?

in #steem6 years ago

In the last few weeks. Steem has unfortunately not been doing so well ( Market wise). But as of Yesterday, something far more concerning is going on. We see the price of Steem jump from $1,60 to $2, to back to $1,60 and repeat ...

look at this chart

You don't need to have a degree in economics to see that this isn't normal behavior. We have had weird price jumps before. But clearly something different is going on here. It almost looks like someone is deliberately moving the price up and down.

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Pump and dump, baby!