Who’s manipulating this market? The market used to be flooded with them (as it should, they drop often), but now the price has shot up by 700 per cent. Manipulation of this market started a few days ago, and now the price is just going up up up.
Someone stuffed their account(s) with thousands of them. The market is being controlled. A digit is missing in the amount of peppercorn that should be available.
Someone now has @20K peppercorn bought at over the average price and the market is rapidly returning to normal since the demand isn’t that great for it. Ouch….
Someone now has @20K peppercorn bought at over the average price and the market is rapidly returning to normal since the demand isn’t that great for it. Ouch….
The person(s) responsible is still sitting on about 80k peppercorn. It’s being dripfed to the market very slowly. Supply is stopped from time to time to drive up the buy orders. Once those are (artificially) high, the buy orders are “fed”, only to stabilize the price for a short while.
edit: for those who are not familiar with the normal peppercorn prices, when supply is at its normal, healthy 100k: the normal price range is between 8 and 13 copper. Maybe 1 or 2 copper above that during peak hours in the weekend. Anything beyond 16 copper is nuts.
