Someone is buying up Steem-Backed Dollars (SBD) like crazy!

in #crypto6 years ago

Are you watching the transaction volume on Upbit?

If you aren't, then maybe you should. Over $50 million in South Korean Won has changed hands on Upbit. Recall that Steem Dollars themselves only have a market cap of less than $30 million.

Huge Kimchi premium attached. And for those who track STEEM frequently, we all know that a growing SBD correlates eventually to a growing STEEM price. Keep an eye on this one, fellow Steemians. I for one will just continue to accrue as much STEEM as I can.