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Date: Thu, Oct 24, 2024, 08:32 AM GMT
Today, the SAFE token, the native asset of the Safe platform known for its secure, smart contract-powered wallets, is experiencing a massive rally. The price has surged by an impressive 78%, making it a trending topic in the cryptocurrency market. This spike follows the announcement of SAFE's listing on one of South Korea’s top exchanges, Upbit.
Source: Coinmarketcap
Upbit Announces $SAFE Listing
Just a hour ago, Upbit, a prominent Korean crypto exchange, revealed to list SAFE in three market pairs: KRW, BTC, and USDT. Trading is set to begin at 6:00 PM KST on October 24, 2024. This news has set off a significant rally, with SAFE’s price currently trading at $1.81. Its market cap has soared to $806 million, and trading volume has skyrocketed by 900%, reaching $47.21 million.
Source: Upbit
Increased Accumulation Drives Momentum
In addition to the listing news, the number of first-time accumulators of SAFE has surged. According to data from SpotOnChain, major investors have started buying into the token heavily. The top five new accumulators have collectively purchased 1.356 million SAFE tokens (worth $2.24 million) from exchanges like OKX, Bybit, and Uniswap in just the last hour. Their combined holdings have already increased in value by $150,000 (+6.7%).
Source: Spotonchain (X)
As SAFE continues to attract attention, the combination of the Upbit listing and increased accumulation may drive further growth in the token’s price and popularity.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any cryptocurrency investments.