This Altcoin Did 22x Against Bitcoin On The South Korean Crypto Exchange: What Happened?

ApeCoin(APE), the native token of the popular NFT project Bored Ape Yacht Club (BAYC), made 22x against Bitcoin on South Korea’s largest cryptocurrency exchange Upbit.

APE against Bitcoin with the upward movement that started in Upbit during the day. 22x experiencing the rise 100 dollars worthwhile to 0.003 BTC reached.

traded on Upbit APE/BTC the volume of the trading pair 63 million dollars soaring in the same trading pair 1.2 million with dollar volume Big on Binance made a difference. According to Coinecko data, Upbit’s current state of the world highest APE/BTC It was noted that the stock market has a trading volume.

On other cryptocurrency exchanges APE/BTC While the trading pair gained about 14%, such a big rise in Upbit led to speculation. Lately South Korea Aggressive divergences in centered stock markets “wash trading” While bringing forward the claims of the country, the current regulations of the country are quite tight therefore, the allegations are sufficiently is not strong was put forward.

Upbit of your ascension on Ethereum (ETH) will happen Shanghai due to raising ERC of tokens deposit And Do not Pull transactions suspended It was alleged that it was related.

for the last two years in South Korea stock markets in the world of the stock markets Conversely, market share 80% of altcoins local experts, stating that of traders in the past to similar scenarios underlined that they did.

According to Coinecko data, the latest 30 in a day 0.7% gaining value, APE 24 within the hour 3.6% as of writing by experiencing the rise 4.53 traded at the dollar level.

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