I did a little research, because mostly this price surge is argumented with DNM's getting in the currency, which i still do not believe.
On Alphabay in median 1,9% 2737 are accepting XMR in drugs and chemicals from total 136877.
On Oasis in median 6,9% 264 are accepting XMR in drugs and chemicals from total 3813.
The last 0,018 hype on polo had over 100kBTC volume, with now residing somewhere at 0,014 with ~24kBTC volume.
So if 3001 vendors are responsible for over 100kBTC volume, every vendor in median had to have ~33BTC for playing wiht XMR, now somewhat around ~8BTC each if every vendor is actively trading --> possible but not likely.
Why, simply because these 100BTC to 800BTC buy walls would to have been built, in median, buy more than one vendor at the same time --> possible but not likely.
Even if, let's say 10% of the active vendors are actively trading with the new XMR (multiply the figures buy 10) which i still do not believe, this would be more unlikely to happen at the same time on the same place. The lending figures intensify my claim and theory of a single entity playing around and making the market to the contrary argument of "natural" growth
Think about it
On Alphabay in median 1,9% 2737 are accepting XMR in drugs and chemicals from total 136877.
On Oasis in median 6,9% 264 are accepting XMR in drugs and chemicals from total 3813.
The last 0,018 hype on polo had over 100kBTC volume, with now residing somewhere at 0,014 with ~24kBTC volume.
So if 3001 vendors are responsible for over 100kBTC volume, every vendor in median had to have ~33BTC for playing wiht XMR, now somewhat around ~8BTC each if every vendor is actively trading --> possible but not likely.
Why, simply because these 100BTC to 800BTC buy walls would to have been built, in median, buy more than one vendor at the same time --> possible but not likely.
Even if, let's say 10% of the active vendors are actively trading with the new XMR (multiply the figures buy 10) which i still do not believe, this would be more unlikely to happen at the same time on the same place. The lending figures intensify my claim and theory of a single entity playing around and making the market to the contrary argument of "natural" growth
Think about it