Re: [ANN][HYP] HyperStake | 750% PoS | Secure | MultiSend | liteStake | Coin Control
I've noticed that the price for HYP has been going down
quite a bit over the last few weeks.
Is that because most people are now getting new coins via minting?
quite a bit over the last few weeks.
Is that because most people are now getting new coins via minting?
A large holder of HYP needed to get out of all of his coin investments in a hurry, so 700k HYP was liquidated quite fast. I think this ate up a lot of the buy orders, and they haven't been replaced yet. Minting is adding around 960k HYP per day, with price @ 100 sats that would mean an expansion in value of 1 BTC of value per day is being absorbed if price stays constant.
OK. Thanks for the explanation.
I can help fix this after payday. I probably can't buy 700K hyp, but I can do my part.
I also noticed it and thought there was a team effort to hurt us. Good to know it was just someone cashing out. Good time to get a coveted 1 million coin position.
XPY seems to have the market cornered on those ¨team efforts¨ you speak of. Hopefully HYP can just keep growing quietly under the radar for now.