TechFlow reports that on December 10, on-chain analyst Ai YI posted on X stating that South Korean exchanges Upbit and Bithumb originally planned to list MOVE simultaneously at 8:00 PM last night. However, Coinone, another smaller South Korean exchange, unexpectedly launched trading at 7:30 PM with an opening price as high as 998,500 KRW (approximately $700). This surprise move forced both major South Korean exchanges, Upbit and Bithumb, to delay their MOVE listing. Upbit eventually went live this morning at 09:35 with an opening price of 2,263 KRW (about $1.59), and the current price stands at 3,060 KRW (around $2.20). Currently, there are significant price discrepancies for MOVE across on-chain markets, South Korean exchanges, and other major exchanges, suggesting substantial arbitrage activity by institutions and smart money (though it should be noted that on-chain liquidity is relatively shallow).
At the time of writing, MOVE is trading at $0.9123 on Binance, $0.9397 on OKX, and $2.09 on Upbit.
