Cysic Token Skyrockets to New All-Time High After Upbit Listing

The Cysic token, CYS, has reached an all-time high after listing on South Korea's major exchange Upbit. The price surged by over 60% from its low yesterday at $0.8 to a new high of $1.30 before being rejected and falling back to $0.92 as of press time.

The listing on Upbit is often seen as a catalyst for price increases, with other tokens experiencing similar gains after listing on the exchange. However, in this case, the rally began before the announcement was made public.

Some raised eyebrows about potential insider trading, given that trading against BTC and USDT began at 14:00 KST (or 05:00 UTC) after the Upbit announcement went live hours later.