I checked Steemit.com CEO @ned profile and I see that he has powered down a whooping 5.7 Million of Steem. That's half the entire worth of his account and in dollar terms almost $10 Million. He started the powered down 28 days ago and will be receiving his Steem every week for a few weeks.
Also I see that recently he has been transferring STEEM to a new account @firefire. He has transferred almost 1 Million of Steem to that new account which was registered just this month.
I am a bit curious as to what is happening.
It maybe his alt account. Or he may have sold Steem privately to someone else.
Also I am worried that the CEO is cashing out almost half his stakes so soon. I thought Steem is just in its infancy and the big rise is yet to come. But looking at the founders cashing out massively, do they believe that Steem has no more steam left in it? What are your thoughts?
Cool Ned is now CEO of Steam too? What happened to Gabe?
lol thanks for the correction
He expect the price to go down for sure.
Bitcoin and Steem together.
Yeah maybe. I wold have been happier if he could have made a blog post on why he is powering down almost $10M
I'm not even sure what to think of this... hmmm... He's free to do whatever he wishes with whatever is his but you are right about his powering down having an effect on people who have substantial steem power in their wallets.
why are you curios
FUD?
if he's transferring steem from one account to another
he's not cashing out is he?
what benefit do you derive FUD...from sowing fear uncertainty and doubt.
are you a democrat?
you disgust me.
mute...3...2...1...now..
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