Particle.news
Download on the App Store

Upbit Listing Sends Centrifuge (CFG) Soaring Before Quick Pullback

The South Korean exchange’s large retail base concentrates liquidity that often amplifies newly listed tokens.

Overview

  • Upbit began supporting CFG spot trading on Feb. 26 at 2 p.m. KST with KRW, BTC and USDT pairs, with deposits and withdrawals set to follow shortly after.
  • CFG jumped roughly 180% intraday to about $0.25, trading volume surged more than 4,000% to $79 million and market cap topped $120 million before the price eased near $0.16 as traders took profits.
  • Blockchain analytics recorded increased accumulation by large holders alongside the volume spike once trading opened on the Korean exchange.
  • Chart data showed the token reclaiming price levels last seen in October 2025 and trading above its 50- and 100-day moving averages, with MACD signaling momentum and RSI in overbought territory.
  • Centrifuge runs an RWA tokenization platform with CFG as its governance token, and market observers said near‑term direction hinges on sustained Korean inflows and whether price holds key averages.