CryptoQuant CEO Ki Young Ju has pointed to a surge in altcoin prices on the Upbit exchange, attributing it to a recent withdrawal suspension following a hacking incident. According to Ju, the suspension effectively halted arbitrage bots, which typically equalize prices across different exchanges. With arbitrage bots sidelined, individual investors are now driving the altcoin rally. This has created opportunities for quick gains, but also increases the risk of significant losses. Investors should exercise caution and conduct thorough research before investing in altcoins during this period of heightened volatility. The absence of arbitrage bots can lead to artificial price inflation, making the market susceptible to rapid corrections. Upbit has yet to announce a specific timeline for resuming withdrawals. ```