LISTNERDS up 1600% in 24 hours!

Today I've made some bigger moves involving HIVE and SWAP.HIVE (bought some with another volatile top coin), but when I checked out TribalDex I saw I already had quite a significant amount of SWAP.HIVE there.

At first, I checked if someone had sent those to me by mistake. It wouldn't be the first time. But no, there were no transactions today for SWAP.HIVE.

That could only mean some of my sell orders on the market hit. But which orders could be large enough, if they hit?

There was only one candidate because I don't have too many sell orders for different tokens at the moment. And that was LISTNERDS. I do unstake a tiny portion of my earnings every once in a while, and that goes to the market as a sell order after 10 weeks, waiting, waiting...

As a top holder of LISTNERDS, it was quite discouraging to watch the token brought to the ground by increasing sell pressure.

I believe since the token price moved below $1, I only sold at the market price once because I really needed HIVE right then. But I did drag my orders to lower levels as the price crashed, which I regret now because I could have made much more HIVE.

But who knew Raymond from BROfund was waiting for the right opportunity to amass a nice chunk of LISTNERDS quickly, and show support for the project at the same time?

In the end, I am happy with the outcome.

I sold my liquid LISTNERDS, even if I wish some orders would have been left at higher levels. And there are more LISTNERDS in the process of unstaking, some very close to finishing.

If Raymond wanted to, he could've bought all the LISTNERDS offered below the sell wall at 2 HIVE. I'm sure of it. That's not too much HIVE for BROfund. But then, we would have moved from one extreme to another: from lack of buyers to lack of sellers (other than the sell wall).

With all the purchases BROfund made today, it is pretty far from the Top 50 holders yet. Only 2750 LISTNERDS in its wallet, and to be in the Top 50 one needs about 8600 LISTNERDS, currently.

This shows how scarce liquid LISTNERDS tokens really are on the market. If major players want in (and one just did, and he likely needs more), the offer is pretty thin. And yet two days ago there were practically no serious buy orders for the token. Talking about markets being irrational.

Posted Using LeoFinance ^Beta