It's always nice to see the theory of supply and demand in reflected in real life markets.
The total supply of liquid STEEM is up by 17% so the price went down by 17%.
Also I was looking earlier for the number of how much % is held in SP, so seems like it's close to 97% which is good.
RE: STEEMIT Statistics - WEEK 2
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STEEMIT Statistics - WEEK 2