SBD Pump - What's going on?

in #steemit6 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 0.35
TRX 0.12
JST 0.040
BTC 70797.92
ETH 3553.00
USDT 1.00
SBD 4.76