Bithumb’s Listing of Avail Coin Sparks Price Manipulation Worries

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During a state audit, Rep. Min Byeong-deok plans to highlight Avail coin as the “second Burger Coin,” questioning its listing on domestic exchanges amid concerns of price manipulation. Avail, launched by Indian engineers behind Polygon, experienced drastic price fluctuations after its Bithumb listing, soaring from 263 won to 3,500 won in 15 minutes before plummeting to 296 won. Rep. Min’s investigation will focus on abnormal trading and investor protection failures, urging financial authorities to enforce accountability under the Virtual Asset User Protection Act, amid ongoing scrutiny of the crypto market in Korea.