he was no idiot...it was a hit and run he placed 100k eth sell order and 100k eth buy order. basically he bought it`s own coins..crashed the price and bought more eth at ridiculous prices from those retards that think that they know how to margin trade.
The guy wasn't an idiot, he just exploited the system. Made a huge very low sale order and a huge buy order with low prices. He sold everyone the coins for low price crashing it, now that the margain trading comes into place and he is able to buy bunch more ETH with low prices till the system recovers. Basically, a genius trade that killed the small traders.
You guys have totaly no understanding what happened.The whale started a sell off by dropping a hughe amount of ETH.
This hughe drop off caused that coins with SL or Margin from other people automaticly started to sell too not matter at what price.
So you can be sure that the whale got at the end more ETH's back from people with SL and Margins than he used to cause initiate the heavy drop.
A Genius exploiting the exchange with it Marging offer
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