Just now on Poloniex someone sold 9000 STEEM for about 45 btc, the market reacted by dropping more than 10%. While it is quickly recovering as I speak it got me thinking.
How would a whale do trying to sell 100,000SD? Not well! Looking at Polo even if you wanted to sell your STEEM at $0.10 there is only buyers for 20,000 of it.
In fact if you were to try and sell 100,000 SD on Polo now you would receive $30,000
In summary whales got a lot of money but not as much as you think, they will only cash in big the same way as the rest of us will, if steemit gets big, thereby give the exchange markets more depth.
For those disappointed I promise future posts on why Wales isn't as rich as you think.
#Edit 1
Seems it was 
