API3 Token Surges 54% After Upbit Listing and OKX Funding Rate Shift, Breaking Multi-Year Downtrend

API3USDT experienced a significant price surge in the last 24 hours, primarily driven by its new listing on the Upbit exchange, which generated substantial market interest and trading activity. Additional market volatility was influenced by OKX’s adjustment to the funding rate interval for API3USDT perpetual futures, aimed at managing risk during heightened trading volumes. The asset broke key resistance levels and reversed a multi-year downtrend, with bullish momentum supported by increased community engagement and a sharp rise in trading volume.

Currently, API3USDT is trading at 1.324 USDT on Binance, reflecting a 54.13% increase from the 24-hour open of 0.859 USDT. The trading volume reached over 34 million API3, with market capitalization estimates ranging from $113.58 million to $170.26 million. The market has shown high volatility, with prices fluctuating between $0.819 and $1.82 in the past day.