The South Korean cryptocurrency exchange Upbit has announced the listing of the Drift token, sparking investor interest and setting a historic high. The price of DRIFT surged explosively by 100% after being listed on the exchange, reaching an all-time high. The rapid development momentum of DRIFT indicates significant potential in the DeFi space. This milestone solidifies Drift Protocol's position as a major player in the market.

Add image caption, no more than 140 characters (optional)

Upbit announces the listing of Drift

According to Upbit's announcement on November 8, the exchange has listed the DRIFT token, allowing users to trade it in KRW, BTC, and USDT spot trading pairs.

The cryptocurrency exchange informs users that deposits and withdrawals are only supported on the Solana network. Additionally, trading restrictions, including buy limits, minimum sell price limits, and order type restrictions, will apply as before.

The open-source decentralized exchange Drift Protocol on Solana has taken a significant step in the DeFi space. The listing of DRIFT is another success following successful listings on major platforms like Coinbase. With its perpetual futures trading capabilities, Drift Protocol is now poised to attract a broader audience, especially in the growing Asian market.

DRIFT's price surged by 100% within 24 hours, reaching a new high

The current trading price of DRIFT is approximately $0.90, retracting earlier gains and currently up 86%. The 24-hour low and high prices are $0.4746 and $0.9747, respectively. DRIFT's trading volume surged by 1000% within just 24 hours, indicating strong investor interest. This growth highlights the significant impact of major listings on the token's visibility and trading momentum.

The recent listing on Upbit demonstrates how it can enhance the exposure of emerging crypto assets like DRIFT. Other tokens (such as SAFE) surged by 88% after listing on Upbit. With listings ongoing on major platforms, DRIFT's success underscores the importance of visibility and accessibility in enhancing market appeal.


However, data from the derivatives market shows that traders' interest has weakened, as DRIFT's open contracts have decreased by 8% in the past 4 hours. Warning signs indicate that the price surge may not last much longer, but it will continue to rebound from the support level of $0.70.



#大盘的下一步?