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Seems strange but I would guess Steemit did some programmed selling. They should sell internally and not on the market.

Steems management is bad IMHO. So many opportunities not being used, having to fire 70% of the people, etc I hope they can turn this around. But taking away rewards from content creators is another bad move.

I think eventually it will turn around but who knows how long that will take. They should be selling less Steem now though.

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