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The Reason Ethereum Classic Is Pumping So Hard (Hint: No One Can Get Out) by brianphobos

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cryptocurrencies · @brianphobos ·
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The Reason Ethereum Classic Is Pumping So Hard (Hint: No One Can Get Out)
![etc-chat-kraken.png](https://cdn.steemitimages.com/DQmR9zU7TemHJ6PtZ1uHSMnjXhXxcGGWa25JLnMmjbP5hAT/etc-chat-kraken.png)
## Today I decided to do a rare trade since my ETC has outpaced Bitcoin since the time I purchased it.  I sent them over to Kraken but it kept saying "Processing" over there and I went to the gym and got a juicy pump.  I came back and it was still staying the same thing even though it looked like it had went through on the Blockchain.   

I started the following chat dialog and was told it will take a Week.  I was shook.  I have never heard of such nonsense in the crypto world.   Kraken is my favorite exchange and I wasn't expecting this.   There was a 51% attack a year ago and they still have precautions in place despite the fact that the ETC hashrate just reached alltime highs.   

### Long story short.   Ethereum Classic might continue to MOON because no one can get out who had their coins stored off the exchanges.   I won't feel so bad if suddenly they are worth $40 / coin in a week when they are ready.   

# Has anyone else ran into this as well on other exchanges?   

https://support.kraken.com/hc/en-us/articles/203325283-Cryptocurrency-deposit-processing-times

![](https://cdn.steemitimages.com/DQmQKRsT6bfZsrKGu2VdeDM1PnHQZQkP5VvPTe7JdiiYaBM/image.png)
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@stackin · 
They should do 13 weeks like steem powerdowns 😂😂😂

Posted using [Partiko iOS](https://partiko.app/referral/stackin)
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@brianphobos · 
Yeah or better yet let's do a 1 year power down like Scorum and stick to it! !!!!
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@summertooth · 
That's nuts.  I have not encountered this before.  43,000+ confirmations!??

Posted via <a href="https://steemleo.com/">Steemleo</a>
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@brianphobos · 
It's unbelievable and who would have ever expected that to be the situation.  A week???? I mean come on.
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