Strange spikes on Hive’s price! What’s going on?

Big spikes

The last few hours there have been two big spikes which have propped up Hive’s price, to drop back afterwards. The volume has increased dramatically too, over 400 % to above 25 million USD in the last 24 hours. 81 % of the volume was at Upbit in the Hive/KRW pair. Again Korean trading at work. But it still has pumped up the price of Hive and it’s spot on CoinMarketCap. Which is never bad for the promotion of the project.

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But once again I wonder what is behind this? Is this some kind of miniature “Pump and Dump” scheme? Or are there other reasons behind this?

Anyone?

Sincerely,

Pele23



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15 comments
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big orders mate, usually favors the calls

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HIVE is traded on multiple exchanges, each exchange has only a fraction of the total amount of HIVE. So large orders on one exchange can lead to a dramatic change on that exchange which is then corrected by investors moving funds between the exchanges. This will lead to spikes and divots in the price.

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I know that, but what makes those Koreans buy and sell that kind of volume? What’s in it for them? I don’t see how they profit from it, apart maybe from a small pump and dump

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Apart from Koreans trying hard to pump this, many people see this price as buying price and as opportunity that may not last long

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(Edited)

Hive is a dead cat to me, soon there will be 4 Lasse Ehlers related tokens and pools that will pay a lot of rewards, you cant get that from hive...

This is just flutuations, the market knows everything.

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soon there will be 4 Lasse Ehlers related tokens

All worth $0

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(Edited)

Are you stalking me again??

They will be worth much more than you ever imagined, only the sky is the limit!

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(Edited)

They will be worth much more than you ever imagine, only the sky is the limit!

If they worth 1 cent, that will be more than I ever imagined.

image.png

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Go fuck a goat, brainwashed stupid slave!!!

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Go fuck a goat, brainwashed stupid slave!!!

Nah, I don't want to take away from your potential partners.

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No matter get away from me annomymous troll on the internet/brainwashed stupid slave!!!!!!

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It just looks like someone is accumulating more Hive and the price is slowly going up because of it. The jump itself doesn't seem to be too large and it wasn't long enough to really say anything.

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