They didnt designed a whole revolutionary social media site just to scam people. It is absurd.
I sure they are just diversifying their portfolios or buying STEEM in preparation for a potential price increase.
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I don't know, but wouldn't it make more sense to, say, only power down %10-20 of their SP, if it is only for diversification? They are literally powering down as fast as possible. Not just a small portion.
I wish some of those whales commented themselves and let us know what they think.
It's going to take them 2 years to power down 100%....A 2 year dump? I doubt it...