No amount of reason can explain some of this buying!
At one point SBD hit 0.007.
That's $157 (SBD) per bitcoin!
"If only" I left my SBD on the exchanges! The market is currently sitting at under 700 SBD per Bitcoin. If you ever needed evidence that the crypto markets is the wild west, with traders jumping around on coins like a cowboy on a rodeo bull... there you have it!
Looking at some of the gains today, it appears that someone is pulling coins out of a hat in order to decide what to pump next!
UPDATE: Silly season on SBD!
* Someone put up a 32 BTC wall at 0.0022.
(Was willing to part with over $32k worth of BTC for less than $15k worth of SBD!)
* Someone else bought 10 BTC worth of SBD at 0.0022
(Paid over $10000 for $4743 worth of SBD)