Korean crypto KOL: Recently, there are suspected insider trading activities in the listing on Upbit

Korean trader Definalist posted on social media that there are suspected wash trading activities during the listing process of WIF and VVV on Upbit. Several addresses funded by Upbit's hot wallet bought before WIF was listed on Upbit and quickly sold after the listing; similar operations also appeared with VVV.

In addition, Definalist hinted that Upbit has been intensively testing STABLE tokens recently, and the suspected wash trading wallets also showed related buying activities.