Safe Coin experienced a significant increase, rising by 88% after being listed on Upbit. Listings on major exchanges often trigger heightened interest and trading volumes, significantly impacting token prices.

Details of the Upbit Listing

According to the official announcement dated October 24, the South Korean exchange Upbit listed SAFE for trading in KRW, BTC, and USDT pairs. The exchange noted that investments and withdrawals through off-chain networks are not supported.

Expectations for Safe Coin

Listings on cryptocurrency exchanges are known to accelerate price growth of altcoins. For instance, the price of Simon’s Cat (CAT) token on Binance rose nearly 40% following its futures listing. This suggests that SAFE Coin may also see further gains in the future.

Impact of Listing on the Market

The listing of SAFE Coin on Upbit boosted investor confidence and solidified the token's market position. According to Coinglass data, open positions in SAFE futures have reached $7.62 million, reflecting a 500% increase, while derivative volume has increased by 33% to $14.10 million. These figures demonstrate a strong upward trend for the token.

The rapid price increase of SAFE Coin once again highlights the important role of listings in cryptocurrency markets. Investors continue to monitor the developments and the potential strengthening of the token.