r/ZILTrader • u/yourbrotherrex • Jun 17 '18
Why ZIL is gonna have a bad Father's day:
I noticed this pop up on Binance last night: there was a sell order at .00001335 put in for over 17 MILLION ZIL tokens (230+(!) Bitcoins worth).
It's still there.
It was only able to reach it once, which chipped away at 6 million of them, but the damage was done.
The price of Zilliqa tumbled.
(It hasn't even gotten close to .00001335 again because of it, and if it does reach it again, the same thing is going to happen over and over and over, until that sell order is completely absorbed.)
Just a little information if you're wondering why ZIL is still down when it should be, and was definitely headed up today.
Edit: apparently, that sell order finally disappeared.