Upbit’s Halt Fuels Altcoin Pump: Retail Investors Play Key Role

The sudden halt of arbitrage bots on the Upbit exchange has created a unique opportunity for retail investors, leading to dramatic price surges in altcoins. CryptoQuant CEO Ju Ki-young highlights this shift in market dynamics, revealing how these bots typically maintain price equilibrium across platforms. Their absence, however, is opening doors for savvy traders to influence prices directly, causing significant pump and dumps in various altcoin markets. This situation presents a rare moment where individual traders are wielding considerable impact on the cryptocurrency market landscape.