Cysic (CYS) Skyrockets to New All-Time High on Upbit Listing: Details

There's a catch, though; the actual surge came before the listing was announced. In times when most major cryptocurrencies remain flatlined, every big move, even from smaller-cap alts, becomes news. Today’s example comes from Cysic’s CYS. The token skyrocketed by over 60% from its low yesterday at $0.8 to a new all-time high of $1.30 before it was rejected and driven sharply south to $0.92 as of press time. The most evident catalyst for this was a big listing on South Korea’s major exchange, Upbit. CYS/USDT. Source: TradingView The controversial part stems from the timing of the rally. The chart above demonstrates that the most substantial wick in the past 12 hours took place at 23:00 UTC on August 9 when the asset tapped $1.30. However, the actual Upbit announcement on X went live hours later – after 03:00 UTC on August 10. Trading against BTC and USDT began at 14:00 KST (or 05:00 UTC), which raised some eyebrows on Crypto X about potential insider trading. Nevertheless, the pump-and-dump move is a reality, and the token behind the decentralized infrastructure project building ‘ComputeFi’ is among the most volatile assets today in a rather calm market. Upbit listings have a long h...