I am getting different results here because the values I am getting are not up to $1.86 or maybe I am mistaken.
If that happens to be the case then that means the whales or rich investors have invested huge amounts of money into the steem blockchain.
It looks like an error on coinmarketcap in the KRW exchange rate (and probably the volumes are also wrong). If you look at the actual Upbit exchange for Steem / KRW the price does not get above 1,050 (so less than 1,114 which is the equivalent of $1).
Interestingly it looks like the issue did make Steem jump on other exchanges, including over 5% on Binance, although it has now fallen back almost all the way. It just shows you the power of the coinmarketcap website!
It was due to the fact that he received a large purchase of cryptocurrencies in the exchanges of korea Bithumb and Upbit, taking it to the point where in these exchanges the value was about 7 dollars per steem, although if you realize that, the error was corrected. part of coinmarketcap
I really have no clue, but I like that for sure. When I first saw the question I couldn't believe my eyes, but yeah. that's what coinmarketcap says also. Probably some whale bought a serious amount of tokens.