The Koreans had some fun pumping Hive again!

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Upbit

I saw it immediately today, when the price of Hive jumped up 6 % this afternoon. The Koreans were artificially pumping Hive again. It has been a while since it happened.

To put things in perspective, 29 million USD worth of Hive got traded today on Upbit in KRW. Compared to not even 2 million USD on Binance. Crazy and in reality an impossible volume, because there’s no way so much Hive is stored on that exchange. There’s even no possibility to deposit or withdraw to and from Upbit. So, this so called trading happens in “fugazi” Hive. But apparently that is all possible in Korea. For some reason lots of Koreans love to pump our beloved Hive every now and then…

Don’t ask me why and how, but it happens. It’s important to check where the volume is coming from. If 80 % of the volume happens in KRW, you can bet that Hive will sink back to it’s normal level in a few hours. So, having liquid Hive at hand, is handy, you can make an extra few hundred Hive if this happens. By selling and rebuying later.

At least I do! 😉

Thank me later for the advice!

Sincerely,

Pele23

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So, having liquid Hive at hand, is handy, you can make an extra few hundred Hive if this happens. By selling and rebuying later.
At least I do!

I also decided to earn an extra 1000 HIVE on this pump. Hopefully tomorrow we will buy HIVE at a lower price.

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Thank you for your witness vote!
Have a !BEER on me!
To Opt-Out of my witness beer program just comment STOP below

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Just this morning I made some seel for the expense and shortly after that it was pumped.

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