Undoubtedly, this will produce yawns for those among us who have been long time STEEM users, but for me, and hopefully for others, I find major shifts in some aspect of STEEM to be intriguing. Now, if only I knew what it all meant and could actually cash in on that knowledge.

For most of the day now, 24-hour volume has been relatively higher on STEEM. Bithumb is the culprit this time, with volume in the 45 to 49 million range. The next closest exchange is Binance at 1.2 million, with the whole bringing STEEM 24 hour volume above 52 million.

Just for perspective, volume for a while now has been well under 10 million, with it bouncing in between maybe two and seven million. The last time volume for STEEM was up, it reached nearly 26 million on March 10. That coincided with a STEEM value high of $0.52 USD.

This time, rather than pushing STEEM up, the volume is pressing down. As of this writing, STEEM has dropped over 6% to just under $0.46 USD.

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This follows last week's significant pump and dump of SBD, which still remains above the $1 USD mark, but today is the one trading more calmly.

Since the STEEM trading on Bithumb is paired with the South Korean Won, it seems logical to assume that the movement is related to something going on in that country regarding STEEM.

Anyone have an idea what might be going on there? I've searched the news, but haven't found anything that directly correlates to it. [There was a report last week](https://www.coinnewsspan.com/bithumb-lays-off-employees-as-crypto-cutback-continues/), however, that Bithumb will be laying off just over half of its workforce (from 310 to 150) due to poor trading. Accordingly, Bithumb is Korea's largest cryptocurrency exchange.

It also appears that another South Korean exchange, Korbit, has dropped STEEM from its list of coins, along with Dash, Monero, Zcash and Augur. Korbit has given no word as to reason for the delisting of these alt coins.