SYRUP Surges 33% After Upbit Listing. Is a Breakout to $0.75 Just Starting?
- SYRUP is up 33%, driven by Upbit listing and associated marketing campaign.
- Governance vote (MIP-018) could increase buybacks, benefiting long-term holders.
- Breakout from ascending triangle suggests bullish move, while short-term target near $0.75.
SYRUP, the native token of Maple Finance is on a roll today, soaring over 33% over the past 24 hours. With trading volume staggering up 244% to $452 million and market cap climbing to $742 million, speculation rises for the reasons leading to the rally.
Upbit Listing Sparks Retail Frenzy
A prominent reason is stated to be the listing of SYRUP on Upbit, a South Korean exchange, which is one of the largest trading platforms in Asia. This enabled new trading pairs of KRW, BTC, and USDT to open doors for customers.
A promotional campaign distributing 228,000 SYRUP, including a $6,666 super jackpot for the winner accompanied the Upbit announcement too. Similar explosive price action was seen when Upbit listed tokens like Ethena (ENA), WalletConnect Token (WCT), and DeepBook (DEEP) along with many other digital assets.
The excitement is further amplified by Maple Finance’s recent partnership with …
The post SYRUP Surges 33% After Upbit Listing. Is a Breakout to $0.75 Just Starting? appeared first on Coin Edition.
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SYRUP Surges 33% After Upbit Listing. Is a Breakout to $0.75 Just Starting?
- SYRUP is up 33%, driven by Upbit listing and associated marketing campaign.
- Governance vote (MIP-018) could increase buybacks, benefiting long-term holders.
- Breakout from ascending triangle suggests bullish move, while short-term target near $0.75.
SYRUP, the native token of Maple Finance is on a roll today, soaring over 33% over the past 24 hours. With trading volume staggering up 244% to $452 million and market cap climbing to $742 million, speculation rises for the reasons leading to the rally.
Upbit Listing Sparks Retail Frenzy
A prominent reason is stated to be the listing of SYRUP on Upbit, a South Korean exchange, which is one of the largest trading platforms in Asia. This enabled new trading pairs of KRW, BTC, and USDT to open doors for customers.
A promotional campaign distributing 228,000 SYRUP, including a $6,666 super jackpot for the winner accompanied the Upbit announcement too. Similar explosive price action was seen when Upbit listed tokens like Ethena (ENA), WalletConnect Token (WCT), and DeepBook (DEEP) along with many other digital assets.
The excitement is further amplified by Maple Finance’s recent partnership with …
The post SYRUP Surges 33% After Upbit Listing. Is a Breakout to $0.75 Just Starting? appeared first on Coin Edition.
Read More
The “Gap” in US Employment Data Triggers a Decline. Is Bitcoin Poised for Recovery?