Analysis: MOVE on the chain/South Korean exchanges/other leading exchanges all have large price differences, and institutions and smart money may engage in arbitrage

Odaily Planet Daily Report: According to on-chain analyst @ai_9684xtpa, Upbit and Bithumb were originally scheduled to list MOVE at the same time, which was 8 PM last night. However, a small Korean exchange Coinone unexpectedly listed it at 7:30 PM last night, with an opening price of 998,500 KRW (about $700). This unexpected move forced the two major Korean exchanges to delay the MOVE listing. Upbit finally listed it at 9:35 AM this morning, with an opening price of 2,263 KRW (about $1.59) and a current price of 3,060 KRW (about $2.2). There are now significant price differences between the on-chain/Korean exchanges/other major exchanges for MOVE, and it's possible that many institutions and smart money are frantically arbitraging (but note that the on-chain depth is relatively poor).