One of South Korea’s largest cryptocurrency exchanges by trading volume, Upbit, has announced the listing of the CYBER token on its platform.
This announcement has propelled CYBER’s price to its highest level in nine months. Upbit’s decision sparked considerable interest and activity within the cryptocurrency market.
CYBER Token and Its Core Features
CYBER is a token created for governance and usage within the Cyber chain. It supports multiple chains and leverages LayerZero’s OFT token standard, facilitating cross-chain transactions. The Cyber chain aims to invigorate its ecosystem by integrating social dynamics and artificial intelligence tools, and it is built on the OP Stack. It stands out with EVM-based applications and modular development capabilities.
The CYBER token is not limited to the Upbit listing. It was previously available for trading on exchanges like Binance, Bitget, MEXC, and South Korea’s notable exchange, Bithumb. However, its listing on Upbit broadened CYBER’s reach and visibility in the market.
Upbit’s Official Statement and Trading Commencement
Upbit’s official announcement indicated that CYBER could be traded against both the Korean Won and Tether (USDT). The updated statement noted that trading would commence at 5:00 PM Korea Standard Time, emphasizing the requirement for adequate liquidity to initiate trading.
“If a certain level of liquidity is not achieved after the announcement, the start time for trading support may be postponed,” Upbit officials informed.
Additionally, the exchange clarified that all CYBER transactions would only occur over the Ethereum 
$4,294 network, and transactions from other networks would not be supported. The contract address was also shared as part of the announcement.
Impact on Prices and Trading Volume
Following Upbit’s announcement, there was a significant surge in CYBER demand. The price jumped from approximately $1.8 to over $5, marking a 133% increase. This level was observed for the first time since December 2024.
“After the news was released, Koreans experienced a significant spike in CYBER’s price in a very short time,” remarked a market observer.
This rapid increase propelled CYBER’s market capitalization from $80 million to around $170 million. According to current data, it became the top-performing cryptocurrency of the day on the price tracking platform CoinGecko.
Meanwhile, investor activity surged significantly. CYBER’s daily trading volume rose to $251 million, recording a 524% increase. This intense interest highlighted the token within the cryptocurrency community. CYBER has also become one of the most engaged tokens in current trends.
Upbit’s listing of the CYBER token created substantial effects on price and trading volume in a short period. Statements from the exchange appeared to influence investors’ short-term decisions. Market experts assess that such announcements from exchanges can lead to abrupt fluctuations in crypto asset values.