STEEM Pumping In Binance and Bittrex, Stationary On Huobi

in steem •  2 months ago

At the moment of writing, STEEM was on a significant spike on Binance, with relevant volume (approx. $200k / hour), thanks @cardboard for the heads up:

Screen Shot 2018-10-06 at 8.53.09 PM.png

Price gained almost 1k satoshis, climbing as high as 14,480 satoshis, after which corrected down, currently at 14,050 satoshis.

Interesting enough, a mirror of this move could be also seen on Bittrex, but on a smaller scale (both price action and volume). Although it didn't reach 13k, the last 3 hours saw significant volume (for Bittrex, anyway)

Screen Shot 2018-10-06 at 8.53.23 PM.png

This may indicate some arbitrage trades, which may mean, in turn, that wallets are enabled on those exchanges.

Huobi didn't react to this move, which, again, may confirm their wallets are not enabled yet. I expect some whales would have used their Huobi stake to make a little bit of arbitrage. But then again, on Huobi, the BTC/STEEM pair was already above 14k satoshis.

Screen Shot 2018-10-06 at 8.53.14 PM.png

All in all, an interesting move.

Later edit: Wallets are not enabled on Binance, so this looks fishy.

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I think it's a pump and dump move, but if not i am hoping it will continue this way.

hope that all bad times after hd20 are getting over

Right now it looks to me like Steem is headed for the moon soon. I'm not sure if this is the beginning of the rally or not but this hardfork really seems to have dramatically improved the setup.

This is a positive sign that steem will be heading for the moon soonest. I just hope that the price of steem will increase significantly soonest @dragosroua

This just figures, I will be doing a steem buy later today......
I am glad for the price rise.....


I just got some Steem I'm happy, today was a good day to grab some!

Pump and dump, steem internal market not reflecting this price action at all.

I'd be grateful if it was real and not a pump and dump and steem and sbd headed back towards ATH but it's not likely

I didn't read until after the edit. I missed the excitement ;)

Hopefully more prices will increase in front of us, as well as steam progressing well in the last few days.

Are the wallets open?


On Bittrex they are enabled. Last time I checked, 2 days ago, Huobi was still not allowing withdrawals / deposits and I don't have a Binance account.

Later edit: Binance wallets are suspended, so it's most likely a false move.


The wallet was locked on Poloniex too.

Let the games begin!!!

Arbitrage is a little harder or impossible now, I spotted the opportunity at 13,300 sats about two days ago.

We should regard these as rehearsals for the launch to the moon :)


I like how you think ;)


In my opinion, this is manipulation.


just trying to have fun in a gloomy period for steem

Great. As far as I know, Binance wallets are still down. I'm waiting for weeks now and hope that they will be back up again. Don't have a Bittrex account yet. On Bittrex it is back up since a few days I guess.

My vote is worth about 30% more at the moment

Great pump.Very nice move for steem.Happy to see this post.

The major pump was on binance only but the deposit of steem is still disabled there