Quote from: e-coinomist on December 27, 2014, 05:14:05 PM

Quote from: infernusdoleo on December 27, 2014, 04:03:36 PM

Just looking for others thoughts as to what the reason could be.

Pumpgroup.

That is clearly a pumpgroup activity in shake out mode. You allready observed how the foot soldiers bought up the 10% below market dumps. They are rearranging for the next pump. Clink to your coins, they want to get rid of you as a participant in the next round.
Wagering a bet the pump was 8~10 weeks ago?

There was a nicely written tragedy popping up right before christmas, describing the inner working mechanics. That DOGE pumper has published some confessions somewhere, too. Nice reading, besides beeing some monthes older the scene still works same ways.

Except the coin didnt exist 8-10 weeks ago and never had a high it was pumped to. It hit the market and stayed relatively steady for weeks, until a few days ago.

It was never pumped. Also, one thing I forgot to mention in the OP is that the premine is as I write this 2000x larger than the rest of the available coins.

In one day on one exchange there were 6x the qty of non-premined coins traded.

In other words, it's the premine thats being sold.

So, no, it's not a pump group.