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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.