RE: TETHER | Market Cap Jumps US$600,000,000 Over Night - Price At A New All Time Low
It is strage, although the rise in the Market Cap has been created by the issuer add
3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL
You can see that at http://omnichest.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL
Since Jan 16th the created almost 850 M tokens, witch is the same ammount the MCap rose. They are divided into 100M and 50M units
I wonder if it had anything to do with the fact that the BTC futures would be due to expire on the 17th (CBOE) and the Settlement day for the CME (31st - this wednesday). ON the 16 and 17th we saw that major 35% crash of BTC. On that date a lot of people tried do change theis BTC and other alts for Thether, and the price os Theter went up a lot.
People were talking about JAN 26th for the CME, but that was the last day of trading and price settlements, but the CME contracts itself are only to be expired on the 31st. We did not see any major drop on BTC price because of the CME futures settlement.. yet.
I wonder if they were, of still are specting a sudden crash and the run up to get Thether as a safeguard pretty soon.
Guess we will khown the day after tomorrown.