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I noticed the same - it is strange. And a lot of times they’re raising the prices much more than necessary to outbid each other.
In special, half of the bids come from a single person, j_s_0e6b87. They’re bidding since the beginning, and seem to follow no strategy - sometimes bidding $10 more than the top bid, sometimes way more. Either they’re stinking rich to the point they don’t care about the money, or they don’t really care about the address, and want to inflate its price for whoever actually buys it.