Deposits & withdrawals [Upbit] Algorand (ALGO): deposits and withdrawals temporarily suspended (from Nov 5 20:00 KST)

What it means CoinGaja’s explanation from the title and public data, not the notice text

What stops

Upbit is pausing deposits and withdrawals of Algorand (ALGO). Trading on Upbit itself usually goes on; the original notice says whether trading stops too.

Why

The title gives no reason. On Korean exchanges such pauses are mostly for a network upgrade, a hard fork or wallet maintenance; the original notice gives the exact reason.

Effect on prices

With transfers blocked, traders cannot bring coins in from other exchanges to close price gaps (arbitrage). While the pause lasts, the price on Upbit can drift further than usual from Upbit or from overseas prices, and the gap often closes quickly once transfers reopen. Check the transfer status before trading on the kimchi premium alone.

When it reopens

Upbit announces the reopening separately or by updating this notice.

The notice itself is in Korean. Check the original notice for the exact schedule and conditions.