Well, according to our data at https://www.coingecko.com/en/coins/steem#markets, Upbit dominates more than 50% of the trading volume of Steem, so there might be merit to your reasoning.
However, Isn't the Chain Split specifically designed to prevent him from going there? At least that is according to our understanding.
Yep. All the volume is coming from Korea. Regular Steemians make up 1% or 2% of all the volume. This doesn't smell very well to me.
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