Which should add more sell pressure and help lower it back to peg levels but people just keep buying the damn thing for more than a dollar. I suspect they have no clue what they are buying and are just speculating on cryptos in general and playing the charts.
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I had that exact same thought about people not knowing what they were actually buying. It had occurred to me while I was reading the whitepages SBD section that I remembered seeing that symbol trading higher when I first started paying attention to crypto.