Centrifuge jumps ~180% in hours on Upbit listing, then eases as traders take profits and mixed technicals flash caution.
Summary
- CFG spiked about 180% intraday before retreating from highs as profit-taking hit the market.
- Price reclaimed levels last seen in Oct 2025 and now trades above its 50D and 100D SMAs, while RSI sits in overbought territory.
- On-chain data show whale accumulation and a sharp volume spike after Upbit listed CFG with KRW, BTC, and a major stablecoin pairs.
Centrifuge’s CFG token rose more than 180% following the announcement that trading would commence on South Korean cryptocurrency exchange Upbit, according to market data.
The rally occurred as broader cryptocurrency markets posted gains, with Bitcoin advancing alongside several major alternative cryptocurrencies. The token subsequently retreated from intraday highs as traders took profits, according to trading data.
Upbit announced trading support for Centrifuge would begin on February 26, 2026, at 2 PM Korea Standard Time, according to the exchange’s statement. The listing includes spot trading pairs against the Korean won, bitcoin, and a major stablecoin. Deposit and withdrawal services were scheduled to become available shortly after the announcement, the exchange stated.
On-chain data indicated increased accumulation by large holders, referred to as “whales” in cryptocurrency markets, according to blockchain analytics. Trading volume increased substantially as the token’s price surged, market data showed.
Upbit’s user base and liquidity have historically generated significant price movements for newly listed tokens, according to market observers.
Centrifuge operates as a platform for tokenizing real-world assets, with its native token enabling governance functions that allow holders to participate in protocol decisions, according to the project’s documentation. The token’s price had followed broader cryptocurrency market declines until the Upbit listing drove prices to levels last observed in October 2025, according to historical price data.
Technical analysis presented mixed signals, with the Moving Average Convergence Divergence indicator suggesting bullish momentum while the Relative Strength Index reached levels typically associated with overbought conditions, according to chart data. The token traded above its 50-day and 100-day simple moving averages, technical indicators showed.
Market analysts noted that sustained trading volume from Korean market participants could drive prices toward higher resistance levels, though a decline below key moving averages could accelerate downside pressure.
