SBD Pumping Continues: $2.36 On A Volume Of More Than $5 Millions In The Last 24 Hours - STEEM At $1.22

During the last 24 hours, SBD, as a currency, traded on a volume of more than $5 millions, which is something highly unusual.

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Especially if you look at the volume of STEEM, which was around $4 millions:

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Bittrex 1 hour char shows a constant increase in buying volume (green candlesticks) at recurring intervals:

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I have no doubt now that this is coordinated.

Other than the scenarios described in my previous post about this YASP (Yet Another SBD Pumping) I have nothing new, although I tend more and more to think that the SMT related scenario is the one behind this. In other words, somebody thinks / hopes / knows that SMTs will be a huge success and it gets a strong hold of some STEEM, at a discount, before the price goes up.

A couple of weeks ago, a very important news which went almost unnoticed, announced the first private investment in future startups using the SMT technology. Total amount was $20 millions, and a part of it was bound to be injected as STEEM. Nobody knows how much, but let's assume it was half. One way to get $10 millions worth of STEEM could be to use an expensive SBD as a proxy, in order to get it cheaper. Correlating the volumes of STEEM and SBD traded during the recent pumps, we can also assume that half of this amount ($5 millions) is already transferred. So if this is true (which probably it isn't) the SBD pump will probably last another $4-5 millions and then it will come back to the peg.

At which point STEEM could start its journey to the Moon.

Disclaimer: it is a well known fact in the Steemit community that, when it's weekend and I didn't have my coffee yet, I tend to write all sorts of stupid speculations. So take this with a lot of salt.

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I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.

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You can also vote for me as witness here:
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If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform):

• Rewards: Were Does The Money Come From?
• Netiquette: How To Avoid Being A Steem Douche?
• Witnesses: What Are They And Why Should You Care?
• How Can I Mine Steem And What CPU / GPU Power Do I Need For That?
• The Beginner Guide To Not Getting Hacked On Steemit