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South Korean exchange Coinone launched MOVE ahead of schedule yesterday, resulting in serious price differences
Editor
2024-12-10 12:32 6,420
Golden Finance reported that according to analysis by @ai_9684xtpa, there was a significant price difference for MOVE tokens on Korean exchanges. Upbit and Bithumb originally planned to launch MOVE at the same time at 8:00 last night, but the Korean exchange Coinone went online at 7:30 last night, with the opening price That’s 998,500 won (worth about $700). Affected by this, South Korea's two major exchanges postponed their launch time. Upbit only started trading at 09:35 this morning. The opening price was 2,263 won (worth approximately US$1.59) and is currently trading at 3,060 won (worth approximately US$2.2). At present, the prices of MOVE on different platforms vary significantly: Binance quotes $0.94, Uniswap quotes $1.93, and Upbit quotes $2.2. There should be many institutions and smart money arbitraging.
Keywords: Bitcoin
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