The South Korean exchange Coinone launched MOVE ahead of schedule yesterday, resulting in significant price discrepancies

2024-12-10 12:04:56

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ChainCatcher news, according to @ai_9684xtpa's analysis, the MOVE token has shown significant price discrepancies on Korean exchanges. Originally, Upbit and Bithumb planned to launch MOVE simultaneously at 8 PM last night, but the Korean exchange Coinone launched it early at 7:30 PM, with an opening price of 998,500 KRW (approximately 700 USD). As a result, the two major Korean exchanges delayed their launch times, with Upbit starting trading at 09:35 this morning, opening at 2,263 KRW (approximately 1.59 USD), and currently trading at 3,060 KRW (approximately 2.2 USD).

Currently, there are noticeable price differences for MOVE across different platforms: Binance quotes 0.94 USD, Uniswap quotes 1.93 USD, and Upbit quotes 2.2 USD, indicating that many institutions and smart money are likely engaging in arbitrage.

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Coinone MOVE South Korean Exchange

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