$EGLD pumped 60%, Is this a manipulation or something else❓
🟢 In the past 24 hours,
#EGLD has been up over 60% and is currently trading at $54.
🟢 Over 60% of its 24-hour volume is coming from #Upbit, a South Korean crypto exchange that was behind the pumps of CYBER, TRB, and many other tokens.
🟢 Along with that, EGLD is currently trading at $55 on Upbit, while on other exchanges, it's around $52.
🟢 Big whales are buying it so that they can arbitrage on Upbit, and this is driving its price even higher.
🟢 There is no idea how long this pump will sustain given that Upbit is behind it, but I would advise against leveraging it as things could get even more volatile.
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