I thought the morning YASP (Yet Another SBD Pump) will be rather short lived, as I didn't see much volume coming in. But looking at the charts roughly 12 hours later, I find SBD at the same level, on a consistent volume increase.
On Bittrex, the amount of SBD traded was around $1,745,000 at the moment of writing. On Poloniex, around $250,000. Just to give you an idea, on a normal day, SBD volume is 3 times less.
So, something is - again - going on.
The most obvious consequence is that people who are getting SBD by writing (or those who hodled SBD) can get STEEM much cheaper. Almost 2 STEEM for 1 SBD. Another consequence is that the available SBD supply is draining faster. These are the obvious consequences.
But what that means, well, I don't really know.
I can speculate again that somebody - who has a lot of SBD - wants to get cheap STEEM, anticipating on an imminent STEEM growth. Or he may just want to give this impression.
I can also speculate that somebody bought a lot of cheap SBD and now is taking profits.
I can also speculate that whoever is pumping SBD has no idea about the peg, but he just found the name interesting and, since he already has a few spare millions, he decided to play with it.
I can also speculate that Martians are preparing for an invasion and, for reasons beyond my comprehension, they decided to use, at the planetary level, a single currency, called, obviously STEEM.
Whatever the reasons, one thing is clear: these days STEEM is observed - and probably manipulated - by powerful whales.
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