Overview

• The rally followed Binance launching a TOSHI/USDT perpetual contract with up to 75x leverage and a spot listing on South Korea’s Upbit.
• Trading activity surged into the hundreds of millions of dollars, with Upbit contributing roughly 40% of the day’s volume.
• On-chain data from Nansen showed an approximately 8% drop in TOSHI balances on exchanges, a move often read as reduced near-term sell pressure.
• Price action confirmed a cup-and-handle breakout on the 4-hour chart, with support near $0.00083 and a nearby resistance zone around $0.0012.
• The token briefly touched about $0.0011 before easing off intraday highs, as mixed momentum signals and high leverage pointed to heightened two-way swings.