Hive (HIVE) Surges Over 53% on Binance... "75% of Volume from Upbit"

Son Min

Summary

Hive (HIVE) surged over 53% on Binance, drawing investors' attention.
75% of Hive's trading volume occurred on Upbit, while 12% occurred on Binance.
The surge in Steem (STEEM) is analyzed as a major factor for the influx of domestic investors.

Hive (HIVE) surged by 53% on Binance, with most of the trading volume coming from Upbit.

On the 5th (local time), Hive on Binance's USDT market rose by 52.87% compared to 24 hours ago, trading at $0.5809. Among this, 75.33% of Hive's trading volume was from Upbit, and 12.46% was from Binance.

Since Hive is a blockchain hard-forked from Steem (STEEM), it is presumed that the influx of domestic investors followed the surge of Steem and SteemDollars (SBD) the previous day.

At the same time, Hive on Upbit rose by 45.11% compared to the previous day, trading at 848 KRW.

STEEM

SBD