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RE: Steem Price under Massive Pressure as more Whales Power Down.

in #steemit6 years ago

I just had a quick look at one of them. A rep 25 account with no posts. With more SP than I could ever dream of! There is something wrong with this system, but hopefully this sell off will go some way towards rebalancing the inbalance of power. After all, it is a new system, and those who got in early got great rewards out of it...

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Many such accounts are holding accounts that are used to vote on posts and also used to delegate.

They can be VERY active in the background.