SAFE Outperforms APE, Market Cap Soars After Upbit Listing

• 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 Korean won (KRW), 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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