Have a feeling some corpos are fearing what steemit may become and how it can challenge their social websites own supremacy. Someone here on steemit noted earlier in the year that some entities bought into steem/sbd heavily, perhaps those entities were saving exactly for a time like this to try to discourage/ruin sentiment/cause panic selling to try to diminish steemits popularity. After all these corpos get 0% unlimited loans to play with markets. Whats a couple of million $ loss to them? nothing.. but a couple million $ sell order for steem/sbd is a big deal for all who watch and care for this site to continue. Stay strong, because I don't think steemits going anywhere.
Hopefully the owners of the servers that run the website never cave into the pressure of a buy out of some sorts from FB or something like that.
This isn't a conspiracy
The elites at FB didn't do this. The market is tiny and a whale sold some steem. It's such a small market it didn't take much. I love our steemit community but I have lost faith is steem winning this fight. I hope I'm wrong but I see people I know leaving the site out of frustration after trying it for months
This reminds me of the spinning top in the movie Inception.