Been watching the trade of NLG recently and noticed a new trend. There is hitmen sniping out orders as they drop below 400. Very good tactic instead of putting the buy orders in place which might force the price higher and bot trading.
Further proof that the latest rise is here to stay and was not a PnD, the dump would off happened already last week. NLG is a gem!
This morning there was a big dump around 400k.
That dump came from a impatient seller, up to 500 sat it was around 6 btc before the dump. Now it's only 4.8 btc to 500 sat.
So not as bad as it looks. Price still holding.