TechFlow news, on October 24, according to statistics from the Korean community minchoisfuture on Bitcoin price changes following listings on Upbit, after analyzing the recent 16 listings, it was found that Bitcoin prices tended to decline within 24 hours after Upbit listed new tokens.
It is reported that in the Korean community, there's a popular term "Seok Woo Jeol" (Seok Woo Day), referring to Seok Woo, the chairman of Upbit. It describes the phenomenon where the market tends to drop whenever Upbit lists a new token.





