HIVE is highly manipulated... All big and new exchanges are hoarding HIVE. Some are even distributing free tokens so people would deposit more HIVE. People are powering down their HIVE so they can send it to exchanges, but they need to keep the HIVE on exchange for days before they can withdraw and power it up again...
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powering down and then powering up again .. why?
Because they started the powering down before the Hive fork happened...
oh right
Much of the volume from this surge is coming from Huobi, which is the exchange you are referencing. It will be interesting to see if more exchanges follow Huobi's lead and list HIVE as well in the coming days and weeks.
More exchanges listing Hive is very likely.