My observation watching the EOS ICO since its Day 1:
What I don’t understand is within the last 2 hours before a period ends, a whale will pump the price for that ICO period.
While I agree with EOS management to give a fair distribution to everyone. I think they should have placed a cap on all contributions. You can see from the screenshot below the whale pumping up the ICO price for today.
From 17K contributed, it suddenly jumped to 23K in the last 2 hours (7,000 ETH pump). It doesn’t make sense as it doesn’t benefit whoever the holder of this wallet it as he/she/they are buying the token at a higher price.
Be vigilant. Save your ETH’s….
