Its not real WAVES. Don't buy into it you'll lose money.
Nope, it is real WAVES. Exchange buy at ICO and sell at price over x20 for know.. it is dirty job, but YoBit do it systematically.
OH NO so it's JUST YOBIT selling to other traders and while we just sit and watch correct?

That sux!!! It's like they get the first right of passage while we sit and watch them make huge money.
Well it's technically just IOU's...so I imagine a lot are being bought to take advantage of the temporary hype and smart traders will flip them at 2 - 3x profit real quick (before the whole thing implodes).