What happens is: These big players receive a large sum of BLURT on a regular basis. Perhaps they're witnesses, with regular (every few minutes, 24/7/365) payments of BLURT. Some are insiders who have received 150,000 (or 300,000) BLURT each month since this blockchain started. Some are owners, some are developers, some are insider whales like CTime. They generally aren't holders of the token, preferring fiat currencies like dollars. Some need this currency to pay bills (like server costs), or consider it their income for services rendered. Others just need it to continue the lifestyle they've adjusted to.
As the price falls, they must sell more BLURT to get the same amount of dollars. Many feel entitled to a certain dollar amount each month, and justify selling increasing amounts of BLURT to make it happen. But as they sell even more, the price drops harder. Any rally is immediately squashed, even during a bull market like we've seen since January 2023. The price simply can't get off this ridiculous low.
BLURT is now at a 1 year high - 0.0038 USD - after just a modest bump in prices recently, being dragged upward by huge inflows into the crypto sphere. Bitcoin and the other cryptos have doubled or more, while the price-suppressors on Blurt have ensured almost no movement. To many people's surprise, BLURT has seriously underperformed… for a long time. But that appears about to change!
As some of the whales notice the price rising, they will ask themselves "should I hang on to this for a little while, and sell it higher?" Their pause in selling will help dry up supply of the tokens, bolstering the price further. More insiders will then realize they're giving money away by selling cheap, and supply will dry up, allowing proper price discovery.
Profits will be taken as the price climbs, of course! But the bulk of those insiders, who obtain BLURT far easier than regular users of the site, are going to release their stranglehold grip on our token.
Before long, I predict, these shortsighted profiteers will realize they not only screwed themselves out of a larger payday, they held down the entire platform for years.
DRutter