In the past day, the price of HIFI Finance has taken a sharp 40% nosedive, erasing a substantial portion of the impressive 362% gains it had seen over the previous week.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/0020a1bf94c54aed83717ac33dc11520.gif">
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Upbit, South Korea’s largest cryptocurrency exchange, played a significant role in this scenario. They recorded a substantial <a href="https://cryptosheadlines.com/binance-witnesses-surge-in-pepecoin-trading-volume-as-crypto-whales-amass-millions/" rel="noopener noreferrer nofollow">trading volume of $717 million</a> within the last day, making them a leading player in the spot trading of HIFI.
The decline in HIFI’s price coincided with an event on September 16 when the <a href="https://cryptosheadlines.com/binance-introduces-regulated-exchange-in-kazakhstan/" rel="noopener noreferrer nofollow">Binance exchange introduced</a> the HIFI perpetual contract, a move that seemed <a href="https://cryptosheadlines.com/hifi-price-drops-40-as-binance-launches-perpetual-contract-for-korean-traders/" rel="noopener noreferrer nofollow">Read More...</a>

HIFI Price Drops 40% as Binance Launches Perpetual Contract for Korean Traders

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Other articles published on Sep 17, 2023

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