Definalist said on-chain evidence tied suspected Upbit-linked wallets to WIF and VVV purchases made before listing announcements, followed by sales within minutes of trading going live.
A South Korean trader alleged that suspected Upbit-linked wallets bought WIF and VVV before the tokens’ listing announcements and sold them shortly after trading began. According to Definalist, one wallet bought WIF on May 6 before Upbit listed it at 14:00:01 and then sold at 14:10:14. Definalist also said address 0x4a bought VVV on May 12 before its 14:00:13 listing and sold at 14:05:21. The claims add specific timing data to earlier allegations of possible pre-listing trading behavior involving wallets linked to the exchange.