i thought koreans were dumping hbd but no

By @roundbeargames12/18/2025hive-157655

i got excited and wanted to capitalize on hbd depeg but it wasn't happening.

i went through upbit kyc at midnight (yes at midnight) because i wasn't really paying attention and thought i could get a massive discount.

krw itself has been dropping massively for months so if your funds are coming from krw (which i would suspect is if you're a south korean on upbit) you're actually buying hbd at a premium. ABOVE $1

i did see a few who maybe could've gained 5% on the "depeg" but the volume is absolutely tiny. like $100..

hbd is $0.9 on coingecko right now which is heavily influenced by upbit prices converted to usd. the number is completely meaningless. as far as i can tell the internal market is the only place you can trade hive/hbd and it's at around $0.97

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