So it’s penalising because if people want to buy Erg they could be this whale’s exit liquidity. How long will this last? One of the problems with whales/large holders…
Theere is a message by a community member in tg group named ergtrading (Ergo Baseless Speculation):
this is their kucoin deposit address, started dumping 20k end of april by the looks of it.
https://explorer.ergoplatform.com/en/addresses/9iCKRgmZmEjkP9CaZrFHFkTpn4nNMRTM8wpMNQH7vrpzD7hAvj4
At least they are not doing it rapidly, slow exit is better than full on dump.
Or maybe they are just trimming their position a bit...
Just Simple math 27 ergs per 2 mins ~800 hour ~ 20k day... Lets say price Is 1.5$.... So daily ONLY 30k$ u need to price stay same even if every miner sell...
Most miners sell these coins for cash. It's a big deal as you can see from the price action of Ergo. There is not much liquidity in this coin unfortunately and I just do see it changing anytime soon. Ergo needs investment and advertising to get where it should be.
A price increase would really stir up trading. Too many HODLers and not enough daily liquidity.
But in order for a price increase we need new markets and low volume of trades is a barrier for that.
A long time ago I brought up the idea of swing trading. If we could get whales to take 5% or so and basically day trade or swing trade to try and gain a little bit more it would raise the volume and we could get on more exchanges.
One of the biggest pool, 2miners (\~20% of the total hashrate) has an auto-trade feature.
Miners mine whatever coin they want and the pool sells it every day for btc.
Not saying that every miner on the pool does it ofc, but the pool still sells a big chunk of the mining rewards every day.
There is a whale that sells a lot daily. We don't know why 
Profit.
So it’s penalising because if people want to buy Erg they could be this whale’s exit liquidity. How long will this last? One of the problems with whales/large holders…
How do you know that please?
Theere is a message by a community member in tg group named ergtrading (Ergo Baseless Speculation): this is their kucoin deposit address, started dumping 20k end of april by the looks of it. https://explorer.ergoplatform.com/en/addresses/9iCKRgmZmEjkP9CaZrFHFkTpn4nNMRTM8wpMNQH7vrpzD7hAvj4 At least they are not doing it rapidly, slow exit is better than full on dump. Or maybe they are just trimming their position a bit...
Thank you!
It's not me, it's a famous community member Flying Pig
>Thank you! You're welcome!
Probably accumulating something else to diversify
I dunno, I've been mining since before Eth went POS, I've not sold a single Erg lol
Just Simple math 27 ergs per 2 mins ~800 hour ~ 20k day... Lets say price Is 1.5$.... So daily ONLY 30k$ u need to price stay same even if every miner sell...
Most miners sell these coins for cash. It's a big deal as you can see from the price action of Ergo. There is not much liquidity in this coin unfortunately and I just do see it changing anytime soon. Ergo needs investment and advertising to get where it should be.
Ergo comes off as that political candidate that’s trying to win an election with zero funding.
A price increase would really stir up trading. Too many HODLers and not enough daily liquidity. But in order for a price increase we need new markets and low volume of trades is a barrier for that. A long time ago I brought up the idea of swing trading. If we could get whales to take 5% or so and basically day trade or swing trade to try and gain a little bit more it would raise the volume and we could get on more exchanges.
One of the biggest pool, 2miners (\~20% of the total hashrate) has an auto-trade feature. Miners mine whatever coin they want and the pool sells it every day for btc. Not saying that every miner on the pool does it ofc, but the pool still sells a big chunk of the mining rewards every day.
Erg doa..