Cindicator is one of the most promising coin after a recommendation from Palm Beach Confidential letter. Teeka Tiwari clearly recommended in his PBC to buy CND upto $0.30 and it may go upto $5 in future.
Out of sudden, the coin went straight up from $0.12 to $0.33, which is a massive 250% growth just in 36 hours. But a close observation on the coin reveals some hidden facts.
There is someone constantly selling his coins at $0.30 price range causing the price to fall. Every time CND reaches 30 cents, a huge sell of from some certain mysterious traders is causing it to fall back.
As pointed by someone on reddit, a sell wall of more than 20 BTC just pop everytime since 30 minutes. And everytime the value of Cindicator decrease, it goes out, then come back just 2 or 3 satoshi higher than the actual prize.
most of the selling has come from 3 wallets. Yesterday the 3 wallets still had 47 million. Now they are down to 31 million.
If you closely watch the transaction and the wallets, some more information will come out for sure.
If you have more information, feel free to add here in comments. I will keep updating this thread.