84% of this insane volume uses KRW as a pair for HIVE. So yup Koreean going crazy (again). The 24h volume is more than 6 times the market cap value of all the HIVE. Considering how little is liquid, imagine how many times the same HIVE is bought and sold over and over again. I'm speechless..
I wonder if this has anything to do with their ongoing political crisis. The President of S. Korea has been impeached, and an arrest warrant issued after he declared Martial law last month, but the police sent to arrest him tried for six hours and gave up. It's been busy there politically, and maybe that's sending them from the Won to Hive?
I don't see a cause-effect connection here. These pump-and-dump episodes are not new and they have come in the past regularly from the Korean exchange...
This is true.