Definalist (@definalist), a domestic DeFi specialized research group, announced via X that suspicions of insider trading are intensifying after Upbit listed Dogwifhat (WIF) and Venice Token (VVV). He explained, "Upbit has always dismissed insider trading suspicions, but recent on-chain activity is only fueling more doubt. This is due to claims that an anonymous address (starting with 0x4aab900) managing small funds correctly predicted the WIF and VVV listings twice in a row. After this address correctly predicted the WIF listing, users began to follow this address through on-chain tracking, and today they also made profits through VVV. This address purchased VVV around midnight on the 12th, and Upbit announced 14 hours later that VVV would be listed on the KRW market. This address immediately sold its holdings." Upbit announced the listing of WIF at 14:00 on the 6th and VVV at 14:00 on the 12th.
