Please read the comments of the Reddit post. Someone/A group of people, is waiting until the last minute of each ICO window. Then, they pump a large amount of Ether in the ICO, which pumps the price of EOS to above the current market price.
The more ether that makes it into each ICO window only serves to drive up the price paid for each EOS token in that window. How would it make economic sense to try to get the price of EOS up on exchanges by paying a higher price than necessary for EOS tokens through the ICO?
Because if the group holds a large amount of EOS tokens so they wanted to put more ETH into the distribution to make the price high for their own benefit. Can't you get it !
Often times the ICO blocks come out 10% below exchange price too. The bulk of contributions rolling in at the last minute is the market working naturally. Have you ever participated in an Ebay auction? Everyone waits until the last microsecond and then the bids run up.
Please read the comments of the Reddit post. Someone/A group of people, is waiting until the last minute of each ICO window. Then, they pump a large amount of Ether in the ICO, which pumps the price of EOS to above the current market price.
The more ether that makes it into each ICO window only serves to drive up the price paid for each EOS token in that window. How would it make economic sense to try to get the price of EOS up on exchanges by paying a higher price than necessary for EOS tokens through the ICO?
Because if the group holds a large amount of EOS tokens so they wanted to put more ETH into the distribution to make the price high for their own benefit. Can't you get it !
Often times the ICO blocks come out 10% below exchange price too. The bulk of contributions rolling in at the last minute is the market working naturally. Have you ever participated in an Ebay auction? Everyone waits until the last microsecond and then the bids run up.