News Explorer — Trapped Liquidity in South Korea's Upbit Caused Artificial Price Surges and a Commission Fee Windfall

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Dec 2, 5:16 pm

DL News

Trapped Liquidity in South Korea's Upbit Caused Artificial Price Surges and a Commission Fee Windfall

Upbit's commission fees surged to $340,650 in a day due to "fence pumping," a South Korean phenomenon where trapped liquidity leads to artificial price increases. This trend has been observed since at least 2020, with instances following security breaches like the recent $36 million hack.

Upbit's commission fees surged to $340,650 in a day due to "fence pumping," a South Korean phenomenon where trapped liquidity leads to artificial price increases. This trend has been observed since at least 2020, with instances following security breaches like the recent $36 million hack.

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