Gridcoin Price Down 37.38%

in #gridcoin6 years ago (edited)

The price of Gridcoin lost today the support level that for weeks was very active at 300 Satoshi, loosing 37.38% of the value. This movement is on serious volumes, giving me the feeling that a big player is probably exiting Gridcoin.

The current price is 195 Satoshi, and volumes are poing up:

Does anyone has any hints about what is happening?

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Based on Slack discussions, it is related to the delisting of GRC on Poloniex by 25 September. Traders are selling their GRC, which causing a short-term liquidity crunch driving down the price.

This also means that when you still have GRC on this exchange it is important to withdraw soon.

Many thanks for this info! I was not aware of the Poloniex decision to remove GRC...

Indeed, 48.96% of volumes are coming from Poloniex, where GRC is trading for 180 Satoshi, recovering from a minimum 71 Satoshi. Wow!

Thanks for the heads up!

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