Good News for Altcoin from South Korea: But There Is Another Problem!

Upbit, in a blog post it published BLUR officially announced that the token has been added to its platform. While this news created excitement in the market, other movements were quite remarkable.

Upbit stated that starting today, users will be able to trade BLUR, a digital asset available in the Korean Won market. The listing announcement saw a nearly 27% increase in altcoin price, while trading volume increased by over 1000%.

BLUR token news

The blog also mentions that BLUR only supports deposits on the Ethereum network and does not support deposits made through other networks such as Binance Smart Chain (BSC).

AltcoinsA potential bullish sentiment surrounding . At the same time, the transactions made by Wintermute Trading attracted attention.

Another notable move involves Wintermute Trading, a leading Defi market maker facing allegations of price manipulation and “wash-trading”. After receiving a substantial amount of $BLUR, totaling 10 million tokens (equivalent to $4.2 million) from Coinbase Custody Wallet, news began to appear in the media that it has started depositing tokens on crypto exchange Kraken.

In addition to this deposit, they made another significant move by depositing 2.1 million tokens ($895,000) on Coinbase. This additional deposit followed the significant price increase in the altcoin.

All these news, on the other hand, flared up even more with the claim of an agreement between the two. Experts are closely watching actions on whether Wintermute will sell the assets.

You can follow the current price action here.

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