Gold Foil Scavo Chemist hit $3.80 during the early morning hours.
None of this article is financial/investment/legal advice, it contains a strategic valuation analysis of speculative assets that can be subject to market fluctuations. You are suggested to seek out a Registered Investment Advisor (RIA) for all investments and the author is not an RIA. Splinterlands' Terms of Service identifies Splinterlands/Steem Monsters as not being an Investment Company. As defined by the U.S. Code of Federal Regulations, Steem Monsters (the parent company of Splinterlands) and the Decentralized Autonomous Organization (DAO) that was published by Steem Monsters can be argued to rise to the definition of being classified as Financial Institutions in the United States. This is a duty to warn and inform given that the actions to be described regard the valuation of assets and speculation of events to take place.
If you were hoping to dump your Gold Foil Scavo Chemist or had high hopes that your Gold Foil Scavo Chemist would clear the market and be exchanged for almost any amount of DEC, you were in luck as one particular market participant bought every card available.
A user named worldtrader wanted to buy up all of the Gold Foil Scavo Chemist cards on the market at 2:34 AM Eastern Time and then proceeded to buy up the Regular Foil Scavo Chemist cards at 2:40 AM Eastern Time. It's a mystery of what the intent is, but this caused a spike in prices and it was a pleasant development for those with cards stuck in the market.
Could we see more cards purchased in this fashion after the massive dump of cards that were previously dedicated to renting to bot accounts?