Another HBD pump and another test for the internal market, the @hbdstabilizer and the overall HIVE to HBD mechanics.
The internal market is now closing on 1M in HBD volume in the last few hours as HBD is trading above 1$.
It is far from the few k that were traded on just more than a year ago. These days on a regular day the internal market makes around 100k to 200k. Today will most likely go above 1M.
https://alpha.ecency.com/market#advanced
On a side note, a 1M HBD was created today, and more than 1M HIVE was removed. This is a combination from the regular users conversions and the work of the stabilizer.
Will se if there will be more volatility for the day, or we are closing now.
HBD to the moooon....oh wait:)
;)
Always fun to see these pumps and how quickly the arbitrage process kicks in.
I think will be back at a dollar in a day or so
What percentage of the volume is the stabilizer?
What does '1m hbd was created' mean?
Created how?
The 1M new HBD is put in circulation in combination from the dhf funds from thr stabilizer and the conversions from HIVE to HBD from regular users
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