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Thats what some are saying. Seems like it maybhave been planned? Coinbase has been pulling off some shady crap lately.

TBH I do not think it was planned because selling at such low's cannot be beneficial. Even considering the amount of cash they may make off the guys who trade on margin..poor fella's.. To me it more appears a very early adopter/creator? with a massive amount of eth just cashed in to buy a small Island somewhere. Or a hacker who figured out how to counterfeit eth haha