Yes it’s driven by people outside of steemit, but I don’t think it’s a pump and dump. It’s just that it’s a low market cap, low supply coin. A good investment.
All this trading activity puts those of us earning SBD on Steemit in a great place. Smile :)
Agreed that is a possibility. But then it might just be me, but I think there's a disconnect between participation on Steemit. I mean the trades just don't reflect the presence of respective nationalities on Steemit. Again, its a wild guess because going by trading volumes, we should have a good number posts from South Korea; don't you think?
The South Koreans buying the coin don’t care about the Steemit platform. Steem (and SBD as a result) are so much more than Steemit. They are quality cryptocurrencies with real world uses and investment value independently.