SAFE surges 66% following Upbit listing, outperforming Apecoin’s 63% rally.
First-time SAFE accumulators add £2.24M in just one hour post-announcement.
Korean exchanges are driving crypto rallies, boosting SAFE, AUCTION, and BEAM.
SAFE token recorded a massive 66% surge in value following its listing announcement on the Upbit exchange. The news triggered a trading frenzy as Korean investors bought the token.
Upbit, Korea’s leading crypto exchange, introduced new trading pairs for SAFE, the multi-purpose utility token of the Safe{Core} ecosystem, against the British pound (GBP), Bitcoin (BTC), and Tether (USDT). Trading began on October 24 at 6:00 PM KST.
Spotonchain Reports Increased SAFE Accumulation
According to Spotonchain, the number of first-time buyers saw a dramatic increase, with over 1.35 million SAFE tokens, valued at £2.24 million, bought within an hour of the Upbit listing announcement. Major purchases were reported on OKX, Bybit, and Uniswap exchanges as well. In total, these top buyers have already gained over £150,000, a 6.7% increase in their investments.
Read also: Safe Token’s Price Dips by 42% After Resumption of Transfers
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