SBD Pump - What's going on?

in #steemit8 years ago (edited)

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Saw the SBD price on coinmarket rise to $3.45.
Upon further investigation realised the pump in hitbtc. Do these activities benefit steem or do they have a negative consequence?

Coin Marketplace

STEEM 0.04
TRX 0.32
JST 0.081
BTC 60930.75
ETH 1577.59
USDT 1.00
SBD 0.47