Korean Exchange UpBit.com Causes A Price Spike In SBD Making SBD Twice The Value Of STEEM

So many people noticed the price spike in both SBD and STEEM and were wondering what was going on.  Especially because the spike increased the value of SBD significantly making it more than twice the value of STEEM at one point in the last 24 hours.

I too was curious so after a bit of research and reading some people were saying it was caused by a Korean crypto exchange making SBD and STEEM available to trade on their site.

So I checked out UpBit.com and since the site is in Korean I had to use google translate.  Here is the document from their site stating they made SBD and STEEM available for trade.

https://upbit.com/service_center/notice?id=88

So as it began trading for some reason the users on this site decided to buy more SBD instead of STEEM.

If you look at the trading volume of SBD here

https://upbit.com/exchange?code=CRIX.UPBIT.KRW-SBD

compared to the trading volume of STEEM here

https://upbit.com/exchange?code=CRIX.UPBIT.KRW-STEEM

You can clearly see the volume for the last 24 hours on SBD is more than double of STEEM, so the users on this site were more interested in trading/buying SBD than STEEM, which caused the huge spike in SBD price.

So will this trend of SBD being more valuable than STEEM continue, I have no idea, human behavior is not an easy thing to predict ;)