The CEO of Steemit, @Ned, just withdrew over 1.5 Million Steem to Bittrex, as he powered up 1 Steem with the message "moving / hiding all my cryptocurrency". This comes after a rocky hardfork of the Steem blockchain and a massive, over 60%, cut of the Steemit workforce.
Please read the official article!
Currently, Steem is ranked 51st of the most valuable cryptocurrencies (according to CoinMarketCap).
It's not often we see major transfers of money from Ned to exchanges but 1.5 million steem equates to roughly $400k USD which has made a lot of people wonder about the integrity of the Steem ecosystem. A lot of Steem and SBD (Steem Backed Dollars) investors are worried about Ned's recent actions and some members of the community are very upset with how Ned is handling the situation.
The development team on Steemit has actually improved their communication recently by allowing pinned posts to important updates to the Steemit site and API's which is a well received feature for most people.
Steem Block: 29,239,243
Ned Transacted exactly 1,543,650 Steem = $ 398,672.31 USD at the time of this post.
Do you have any Steem? Do you plan on leaving after Ned's recent actions? Comment below!
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Ned has every right to sell and shouldn't be ostracised. If anything, it should be viewed positively. Distribution has always been one of the bigger problems of Steem and whales / ned / steemit inc selling some of their stake is going to help with that, especially at these rock bottom prices.
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We agree he shouldn't be ostracized or condemned (unless acting in ill will), but major transactions conducted on any blockchain or transfers to exchanges matter to the whole community who are invested in the cryptocurrency. It can have very negative, or positive results in the long run, we're confident its a positive move; While also being rightfully skeptical.
Thanks for your comment!
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I'm HODL! Come back @ned
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Me too! I don't think he is leaving but it makes me question some things...
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Yeah I know... Lots of big accounts pulled out holdings...
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I will hold mine ever and buy more.
After @dcommerce project launches in the near future, steem price will rise up rapidly.
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Interesting as @ned is acting on this situation.
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