The Cysic (CYS) token surged over 60%, climbing from $0.80 to a new all-time high of $1.30, before sharply dropping to $0.92. This spectacular rise was triggered by the announcement of the token’s listing on Upbit, South Korea’s major exchange platform. However, controversy surrounds the timeline: the price peak was reached at 23:00 UTC on August 9, several hours before the official announcement on X, published after 03:00 UTC on August 10. Trading on Upbit began at 14:00 KST (05:00 UTC), raising questions about potential insider trading.
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