Whenever I see extremely disproportionate volume coming from Bitthumb I'm immediately skeptical it's anything more than a pump and dump cycle. Same thing happened with BCH among others.
yeah bithumb is insane. I'm scared to assume how much money involved and why nobody is trying to/cant arbitrage this. It's like complete noncence at this point. Whole different price universe. And i can't belive that it is some random korean dude that can't register on bitfinex or some other exchange and buy the coin he wants with 30-60% discount.