CYBER Token Soars 56% After Upbit Listing, $1B Volume Ahead of Major Unlock Event

CYBERUSDT experienced a significant price surge in the last 24 hours, primarily driven by the announcement and execution of its listing on Upbit for KRW and USDT trading pairs on August 12, 2024. This event led to heightened market interest and a substantial increase in trading volume, further amplified by anticipation of a scheduled CYBER token unlock between August 14-16, which is set to release over 5 million tokens. The listing news acted as the main catalyst for the price movement, resulting in a sharp rise and increased volatility.

Currently, CYBERUSDT is trading at 2.964 USDT on Binance, reflecting a 56.16% increase from the 24-hour open of 1.898 USDT. The token saw a 24-hour trading volume exceeding $1 billion and a market capitalization of approximately $134 million, with price action outperforming the broader cryptocurrency market. The most active trading pair is CYBER/USDT on Binance, and technical indicators suggest ongoing bullish momentum, although analysts note the potential for a pullback following the rapid ascent.