The recent listing of SAFE on South Korea’s leading cryptocurrency exchange, Upbit, has caused the token’s price to soar by 88%, generating excitement and optimism among investors about its future potential.
SAFE Makes Waves After Upbit Listing
Recognized as the largest smart account platform in the EVM (Ethereum Virtual Machine) ecosystem, SAFE was officially listed on Upbit, sparking significant interest. Driven by investor enthusiasm, the altcoin quickly surged, gaining 88% and making a strong statement in the crypto market.
According to Upbit’s announcement on October 24, SAFE is now trading against KRW, BTC, and USDT pairs. The exchange emphasized that deposits and withdrawals made through unsupported networks will not be processed, urging investors to carefully check the supported networks to avoid losing their tokens. A five-minute lock on transactions was also applied to prevent extreme volatility during the initial listing phase.
Listing Propels SAFE’s Price and Volume
The listing of SAFE had an immediate positive impact on its price. The token, which was trading at $1.75, rose by more than 88% in the past 24 hours. Additionally, the token’s daily trading volume increased by 453%, further supporting the upward movement.
According to CoinGlass, open interest in SAFE futures rose to $7.62 million, while derivatives volume reached $14.10 million. These figures highlight SAFE’s strong upward trend today and the significant activity in the derivatives markets.
As SAFE continues to rise in popularity, investors and traders are keeping a close eye on its future performance. With this momentum, the token has demonstrated its potential to be a powerful player in the market.
