LeoFinance

HBD Pump $4+

So... apparently HBD pumped last month

I haven't been too active lately which is why I haven't really noticed. But I saw that HBD was >$1 on PeakD's wallet page and looking more carefully it said $1.59 on Coingecko! So I headed over to Coingecko and... Giga Pump...

In the middle of October HBD traded at well over $4 on Upbit! Strangely enough I haven't read anything about this on Hive (I do look at the trending page occasionally) and even stranger I can't find anything on the internet when searching for a blog post about it (using Peakd's internal search is still awful).

So nobody noticed?

But then again, does it even matter?

In the past, pumps like this resulted in a crazy frenzy at rushing to convert HIVE > HBD, then sell HBD on the market for profit and convert more HIVE > HBD etc. This was very profitable, but now things are different. Mainly, the HIVE <> HBD conversion is still offline due to the high debt ratio. This nullifies any conversion attempts. Hence the lack of any significant action.

This is quite unfortunate; because again, arbitrage would be highly profitable. So the only remaining option is to send HBD directly over to Upbit and sell for a crazy amount of profit. Is this being done? I actually haven't checked.

With a trading volume of over $300k today alone I guess it must have been well over $1M on a daily basis some weeks earlier. Top bad the average user can't profit from this.

But perhaps it is the actual reason for this pump. Upbit is still cut off to anyone who isn't from South Korea, so people trading there are pretty much left to themselves. Perhaps Upbit whales are about to pump Hive again? If so, it would actually have an interesting effect since Hive may go below the 20% debt ratio again, thereby opening the conversion pathway again... although I am not sure if that would lead to a price increase on Hive's internal market, unless whales would like to profit from the conversions as well...

(if I got something wrong here, please let me know)

As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!

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Comments · 10

@shortsegments(78)· 6d
I can't use UPbit, but good luck to those who can. Bon Appetite!
@abir70(47)· 7d
The debt-ratio twist is what makes this more than a pump-chart post: a $4 HBD that the mechanics quietly kept out of reach for nearly everyone. Profits on screen, but the conversion door stayed locked — a strange kind of phantom pump. Makes me wonder if the next one follows the same script: Korea-driven, barely actionable, gone before the rest of the world connects the dots.
@sodom-lv(69)· 7d
I noticed the high HBD price through Hivekeychain wallet. I have some HBD saving in my wallet, therefore I noticed the pump but there is no way to take profit from it (for me 😞)
@delirius(8)· 7d
Tipo, vi que la gráfica muestra HBD rondando $4 en Upbit a mediados de octubre, pero la conversión offline por el debt ratio del 20 % bloquea cualquier arbitrage; ¿creés que los whales van a forzar una bajada del ratio para reabrir la puerta? 🤔
@onemanonewrite(60)· 7d
I hope this pump on HBD will somehow reduce the percentage of Hive debt
@hatdogsensei(69)· 7d
I was also surprised when I saw HBD pumping really high last few weeks
@kryptonita(71)· 7d
El mercado muestra que HBD llegó a $4+ en Upbit a mediados de octubre, pero el debt ratio sigue por encima del 20 %, lo que bloquea la conversión HIVE↔HBD y elimina un soporte clave. On‑chain el volumen de $300 k que mencionás indica una acumulación puntual, sin embargo sin liquidez en la ruta de conversión el impulso se disipa. ¿Hay órdenes grandes en el libro de Upbit que sugieran acción de whales?
@offgridlife(72)· 8d
Well not exactly ….

I posted several times when HBD hit $4… and explained that it was a great Arbitrage opportunity to buy on Hive -and sell on Upbit … but as usual all my $50 Trending posts get downvoted to zero by Buildawhale…

HBD pumping : https://hive.blog/hbd/@offgridlife/hbd-continues-to-climb

Hive is so weird

Anyways …. It pays to have good friends in Korea who can make these trades for you.

I bought a boat with HBD.
@sm-silva(56)· 8d
No one takes advantage of the price because there’s no way to make a deposit there...
@nevies(73)· 8d
I saw some posts about it, and right now reading yours has got Ecency suggesting another post that was about it. This one: https://ecency.com/@mein-senf-dazu/hbd-briefly-rose-above-usd4