Who are these 'price blockers' and why do they do it?

Screenshots: http://ift.tt/2wsoNSX

Recently I've noticed these weirdly specific buy/sell walls on GDAX (ETH-EUR) with only a €0.01 spread. They seem to be meant to keep the price in place, and as the screenshot shows it seems to work (for a limited amount of time).

Which kind of people would be behind these setups and why would the be doing it?

Thank you!

submitted by /u/pillouter
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