It's really amazing to me that knowing what we all know now about the road map for this coin and about the dev team, that someone is still willing to sell their coins to that 11,000 sat buy wall on Bittrex. Absolutely mind-blowing stupidity, lol. I suppose it's good to get the weak hands out now!
Come to think of it, it could be Bittrex selling the coins that they made from staking those 100,000 coins in their wallet.
+1 insanity if it is people dumping if it's bittrex well wouldn't surprise me if they staked and dumped all the pos coins on there, i would if i ran it hahaha
Having watched Bittrex from the beginning I very much doubt they would do that both because of the security risk (remember what happened to Mintpal with VRC) and because they are one of the few exchanges that seem to have a strong ethical backbone. They are not perfect but they have had numerous situations where they could have profited more by doing such things but they haven't.
I suspect it is someone who is selling off some of their staked coins at ICO price to reinvest. It may seem stupid right now but it might be an attempt to spread their risk (which really we all should do) but isn't willing or able to wait for a higher price before investing (e.g. due to an ICO deadline).
I think this is most like it. The big hands are holding strong in wallets off trex and with the limited supply available on Trex from the distribution chart, there is going to be movements and people selling off ICO coins into walls for extra money. The interest was designed to allow early ICO people to profit by selling into new entry buy walls and still holding their ICO coins without the price moving too much to continue to generate interest. I figured there would be a dump when the 365% interests ended similar to how miners dump coins during changes.