Upbit, one of the largest crypto currency exchanges according to South Korea’s transaction volume, announced that it will be listed on the Cyber (CYBER) token on the platform. After this development, Cyber’s price reached the highest level of nine months. This announcement of the stock market led to a wide range of interest and mobility in the crypto currency market.
Cyber Token and Basic Features
The Cyber is the token of the Cyber chain for management and use. This Token, which has multiple chains support, provides the ease of transaction between chains using Layerzero’s Off Token standard. The Cyber chain aims to revive the ecosystem by integrating social dynamics and artificial intelligence tools, while it was built on OP Stack. Home -based applications and modular development.
The subject of Cyber is not only a special development for Upbit. Token was previously available on Binance, Bitget, Mexc and one of the most important stock exchanges of South Korea. However, with the listing of UPbit, Cyber’s access and visibility on the market expanded further.
UPbit’s official description and starting process
UPbit’s official announcement, Cyber, both Korean Won and Tether (USDT) can be bought and sold against the said. In a reconstructed statement, the transactions will start at 17:00 with Korean time. Emphasis was emphasized to ensure the necessary liquidity ratio to start the procedures.
“If a certain level of liquidity cannot be achieved after the announcement, the start of the transaction support may be postponed.” UPbit officials informed this way.
The stock market also, all transactions to be carried out with Cyber only Ethereum $4,212.94 He announced that the network will be done and other networks will not be supported. In this context, the contract address was also shared.
Effects on prices and transaction volume
After UPbit’s statement, there was a major increase in Cyber demand. The price increased from about $ 5 to $ 5, gaining a value of 133 percent. This level has been seen for the first time since December 2024.
“Following the announcement of the news, the Koreans experienced a big increase in the price of Cyber in a very short time,” he said.
With the effect of this sudden rise, Cyber’s market value rose from $ 80 million to about $ 170 million. Token was the crypto currency of the day on the price tracking platform Cingo, according to current data.
On the other hand, investor activities increased significantly. Cyber’s daily transaction volume increased by 251 million dollars to an increase of 524 percent. This intense interest caused the token to stand out in the crypto currency community. Cyber has become one of the most popular token in current trends.
UPbit’s listing the Cyber Token had significant effects on price and transaction volume in a short time. The statements made from the stock market were observed to be effective in short -term decisions of investors. Market experts evaluate that the announcements of stock exchanges can cause such sudden fluctuations in the values of crypto assets.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
