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RE: @intelliguy speaks on air about $1 million dollars of STEEM transferred and what it may mean.
I didn't quite catch the second theory you mentioned, but I do agree all that sell pressure and the price staying somewhat stable is a very good sign.
Hint: 5 mins, 39 seconds in..
Ah, thank you. Not sure how I missed that (doing too many things at once, I guess). Frankly, that seems quite ridiculous to me, so you're probably doing a favor to the source by not naming them. The core STEEM developers of the Steemit company are doing the SMT work and you can track the progress here. Exchanges do not get involved in development details of cryptocurrency projects. This was just someone moving their money to somewhere they could diversify it, IMO.
Good link, and thanks for the valuable insight.