
The Steem ecosystem is splitting. The forked chain called Hive will be led by the current witnesses, who many claim simply want to hold on to their power and cushy payroles as block validators.
On the other hand, the classic Steem chain will be led by Justin Sun, who will retain the
Steem.com domain and many claim he will use this power to push Steem into the Tron ecosystem.
It's worth noting that the current price action is accompanied with a 10x increase in volume. Justin Sun had purchased over 60M Steem coins at an approximate 50% discount, half of which are liquid. This price action has enabled him to break-even on his Steem acquisition.