Overview
- On-chain tracker Lookonchain reported Hayes received about 132,730 ETHFI at roughly $0.55 each from Anchorage Digital roughly five hours before Upbit’s announcement.
- ETHFI jumped from about $0.54 to as high as $0.64 within minutes of the KRW listing before surrendering most of the gains later in the session.
- Observers on social media questioned the timing of the purchase, though no evidence has surfaced to indicate illicit conduct.
- Prior wallet activity shows Hayes moved about 2.15 million ETHFI a month earlier, placing the latest receipt in a much smaller context.
- Upbit applied initial listing safeguards such as temporary order limits, and on-chain trackers said they are continuing to monitor Hayes’ wallets.