Korean traders question Upbit's recent token listings for suspected insider trading
2026-05-12 06:11
Odaily Planet Daily report: Korean trader Definalist posted on social media stating that recent listings of WIF and VVV on Upbit show signs of suspected insider trading.
According to Definalist, multiple addresses funded by Upbit's hot wallet purchased WIF before its listing on Upbit and quickly sold off after the listing. Similar on-chain activity was observed with VVV. Definalist also mentioned that Upbit has been frequently testing the STABLE token recently, and some wallets suspected to be related had also previously engaged in STABLE purchases.
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