Hifi Finance, Over 30% Kimchi Premium on Upbit…"Investor Caution Advised"

Son Min

Summary

It was reported that investor caution is needed as Hifi Finance's Kimchi Premium exceeds 30%.
Currently, Hifi Finance is showing a 'delisting beam' phenomenon with prices surging ahead of its delisting.
It warned that investing in assets with significant price differences from global prices could lead to substantial losses.

The Kimchi Premium of Hifi Finance (HIFI), which is facing delisting on Upbit, has exceeded 30%, prompting caution among investors.

As of 3:31 PM on the 22nd (local time), Hifi Finance is trading at 356.5 KRW on Upbit, down 1.27% from the previous day. During the same period, the global price of Hifi Finance on CoinMarketCap is 268 KRW. This shows a price difference of over 30%.

This is interpreted as the 'delisting beam' phenomenon, where prices surge ahead of delisting. Hifi Finance is set to be delisted on May 12.

Therefore, caution is advised for investing in this asset. Investing in assets with significant price differences from global prices or phenomena like the 'delisting beam' could lead to substantial losses.

HIFI