Dear @khaleelkazi

Recent spike in price of steem has been incredible. Surely more than I expected.

Friend of mine suggested, that it could be Justin purchasing a lot on some of his proxy accounts. Knowing that he will get large amount of new HIVE token. Knowing also that witnesses will be powering down and trading steem to HIVE. So he could sell his HIVE tokens, earning quite a decent amount of money. Knowing that demand for HIVE token will be very high in upcoming days.

ps.

I wonder if we will witness and large stakeholders will dump their STEEM right after airdrop on new HIVE chain will take place.

The truth is, that if old witnesses will power down right away and dump their steem - then they may damage part of Justin investment and make him lose out little bit. But it's most likely just a small % of his porfolio.
At the same time all of us, those who invested their live savings into steem will suffer the most. Our investment will be crushed, without much of a chance to do anything about it :(

In my opinion blocktrades and other large accounts, who will build their fortune on migrating community to new HIVE chain - they should wait a bit with dumping their steem tokens. To allow others to do it as well. Just my 2cents.

Yours, Piotr