South Korean Trader: Recent Token Listings on Upbit Suspected of “Rat Trading”
South Korean trader Definalist stated on social media that Upbit’s recent listings of WIF and VVV may involve front-running behavior. He claimed that multiple addresses funded by Upbit’s hot wallet purchased WIF prior to its listing on Upbit and rapidly sold their holdings shortly after the listing. A similar pattern was observed with VVV. Additionally, he revealed that Upbit has recently been intensively testing the STABLE token, and suspected front-running wallets also engaged in purchases of this token.
