Nice price action - someone wants a lot of XMR....
I can't blame him/her.
I wonder if the same actor pumped and then sold - there were some large 4000 and 6000 buys and sells in there.
Of course I don't mind, it's nice to see 5% fluctuations in very short time periods - it means people keep an eye and there is good liquidity for large movers. It also means it's worth day trading and market making.
Also, I get to keep my stash level and still average down a little although the price is way above what my average buy is.
I wonder why would someone buy 10 000 xmr and a few minutes later sell them? Doesn't make any sense to me at least.
Sure it is nice to have some action but personally I would like to skip the dumping part of the action.
What if there was an entity or a combination of entities just hoarding all the Moneros from the markets and refuse to sell any of them? Those basically could make Monero great and bring the price of XMR to millions. After all, if the markets are liquid enough, there is no reason for a bitcoin maximalists to switch to Monero maximalism and dump all their bitcoins into the tiny XMR markets.