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