South Korea’s largest CEX Upbit added six tokens (CYS, ICNT, XAN, EDEN, AIOZ, ALLO) to BTC and USDT markets but twice delayed the trading open to 8 p.m. and postponed CYS amid bridge errors and thin liquidity, instituting emergency rules including a 0.01275 USDT minimum sell for XAN, five-minute buy blocks and two hours of limit-only trading. Market reaction was split: Cysic (CYS) jumped ~32% to about $1.25 with a market cap above $200M while Anoma (XAN) plunged ~38%, underscoring selective demand for compute/AI and DePIN projects but also highlighting liquidity and execution risks for token launches on major CEXs.

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In Brief

Upbit listed CYS, ICNT, XAN, EDEN, AIOZ, and ALLO in BTC and USDT markets.
CYS jumped 32% even as Upbit postponed its trading debut over liquidity issues.
XAN fell 38%, pushing Upbit to cut its minimum sell price before launch.

Traders delivered a split verdict on Monday’s new Upbit listings. Cysic (CYS) jumped 32% even as Upbit delayed its debut. Anoma (XAN) fell 38%, forcing an emergency cut to its minimum sell price.

South Korea’s largest exchange announced the six additions early Monday, then delayed the launch twice to 8 p.m. Korea time. The uneven reaction points to selective demand for compute and AI tokens rather than a broad listing rally.

A Chaotic Debut With Two Delays and Emergency Rule Changes

Upbit added Cysic, Impossible Cloud Network (ICNT), Anoma, OpenEden (EDEN), AIOZ Network (AIOZ), and Allora (ALLO) in a notice posted Monday morning. All six trade against Bitcoin (BTC) and Tether (USDT).

Trading was set for 2 p.m. Korea time but slipped to 5 p.m., then 8 p.m. Upbit then postponed the CYS launch outright, citing errors on the project’s bridge page and thin liquidity.

Minutes before the rescheduled open, the exchange also cut XAN’s minimum sell price to 0.01275 USDT. Sell orders more than 10% below that reference stay blocked for the first five minutes of trading.

Launch-day guardrails cover all six pairs. Buy orders stay disabled for roughly five minutes, and only limit orders clear during the first two hours.

Upbit decisions routinely move prices in both directions. The Bonk (BONK) meme coin slid to a near three-year low last week after the exchange announced its September delisting. Meanwhile, Morpho (MORPHO) whale activity hit multi-month highs in July after a new won pair opened.

Upbit Listings Split as Traders Back Compute and AI Plays

TradingView data shows CYS led the group with a 32% gain around the announcement. AIOZ and EDEN added 12.6% and 7.3%, ICNT rose under 1%, and ALLO closed flat. XAN sank 38.5%.

CYS, ICNT, XAN, EDEN, AIOZ, and ALLO Price Performances. Source: TradingView

The gap maps onto each project’s pitch. Cysic builds a ComputeFi marketplace on Base that turns graphics cards and mining hardware into tradable compute power. The token now trades near $1.25, up 34% in 24 hours, with a market cap above $200 million.

Cysic (CYS) Price Performance. Source: BeInCrypto

AIOZ Network runs a decentralized physical infrastructure network (DePIN) for storage, streaming, and AI compute. It climbed nearly 20% over the past day.

OpenEden, which brings tokenized US Treasury products on-chain, gained 11% in 24 hours. That extends the run that made real-world assets July’s strongest crypto narrative.

Anoma found no such support. The project markets itself as a decentralized operating system that hides blockchain complexity behind one interface. XAN changed hands near $0.0123, down about 32% in 24 hours.

Anoma (XAN) Price Performance. Source: BeInCrypto

Impossible Cloud Network, a DePIN cloud project, and Allora, a decentralized machine intelligence network, drew little fresh demand despite the same Seoul exposure.

The next test arrives when CYS finally opens for trading. Whether the token defends its premium without a live Upbit order book should reveal how much of Monday’s move was listing hype.

Read the article at BeInCrypto

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