Solana Tokens Jump on Upbit After $32M Hack Halts Arbitrage

Published at 2025-11-27 21:00:08

Solana tokens (SOL) posted double-digit gains on Upbit by mid-afternoon in South Korea after a hack drained roughly 44.5 billion won (~$32 million) and disrupted automated arbitrage systems. CryptoQuant CEO Ki Young Ju identified Korean traders as the immediate drivers of the rally once the bots that normally align local and global prices stopped operating.

The move highlights how fragile price parity can be when liquidity providers and arbitrageurs are offline — premiums can widen quickly and create volatile pockets of buying interest. Market participants and exchanges are likely to watch for sharp reversals if arbitrage flows resume, while regulators and platforms investigate the breach and its impact on trading infrastructure.

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CLARITY ActTokenized StocksCoinbaseBNB ChainCrypto RegulationSolana

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TronCrypto WalletMetaMaskTRXBitcoinSolana

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