BNT and ORBS Prices Spike 40% as Korean Exchanges Accumulate Millions in Tokens

Altcoin Bancor Network's token BNT rose 40% as a suspected Upbit wallet bought millions of tokens worth over $2 million.

Blockchain project Orbs' token ORBS rallied over 40% as trading volume surged on Korean exchanges Upbit and Bithumb.

BNT reached $0.625 before dropping 17%, while ORBS hit $0.033 before falling 9% in the past day.

Crypto analytics firm Lookonchain noticed the spikes in BNT and ORBS prices and linked them to large token accumulations.

The report suggests the price rises were connected to increased demand from major Korean exchanges Upbit and Bithumb.