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RE: What's Going On With the Price of Steem Dollars (SBD)??
It certainly is unsettling.
One theory is that SBD and STEEM were listed on a Korean exchange and they started buying madly without understanding it. Another theory is that SBD is being used as a safe haven, which is something I wrote about months ago but maybe the idea is catching on.
The fact this is happenning at the same time as a major hack and questions asked over the legitimacy of Tether (the main safe haven crypto) is a bit suspicious. But nobody knows for sure so take it all with a grain of salt and DYOR. Good luck :)
Thanks for the reply. The other theory I have heard is that a few whales are manipulating the price. Not sure how they would profit though.