The Linden Dollar sell rate seems to be trending downward from its record highs at the start of this week, when the top sell order was L$265. As of today (I took this screen capture from the LindeX about a half hour ago), the top rate is L$259, with other top sell orders approaching the more typical rate of around L$250 per US1.00.
"It seems like it wants to settle," observes Juliette Westerburg of Tres Blah, "but people are probably desperate to cash out simply because they need to, that it keeps going back up. But it's not continually going up every morning like it was for a few days ago."
However, there's still a lot of Linden Dollars being sold on the market, with nearly L$116,000,000 being offered for L$250/1. (That's over $450,000 in real cash.) That's likely not from a single person but an aggregate rate now on sale from many SLers. "Probably all the people who refuse to sell at a higher rate. It just accumulates," as Juliette puts it.
And those sell orders are accumulating quite a lot:
On a rough estimate, the top ten sell orders represent over USD$1 million in Linden Dollars. So while the sell rate may be starting to stabilize, the mystery remains: Why are so many SLers suddenly selling so much L$? After reviewing this long (often conspiracy-mindend) thread, I think the most theory is still the most likely: Private sim owners cashing in L$ to take advantage of Linden Lab's recently announced offer of grandfathered maintenance rates (after paying a "buy-down" fee of $600).
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