- 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.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
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.
![[New York Stock Market Briefing] Closed lower on AI concerns… Broadcom plunged in the 5% range](https://media.bloomingbit.io/PROD/news/b07399a5-fad3-4406-971e-042ab70ad61d.webp?w=250)
