A piece of news ignited the market, RED tells you with an 87% one-day increase: the exchange listing is the strongest 'advertisement' in the crypto world!
Korea's largest exchange Upbit has just announced support for trading RED directly with Korean won. Once the news broke, RED instantly surged to a historical high of $0.977. Although it has since fallen back to around $0.77, it still rose 87% in 24 hours. In simple terms: once retail investors in Korea can buy directly with their local currency, it's much easier for funds to flow in, leading to a strong short-term explosion — but the volatility is also frightening. The rise and fall indicate that someone has taken profits, and the risk cannot be ignored.
【Personal Opinion】
As an analyst, I believe that this kind of 'exchange listing benefit' is often driven by short-term sentiment, especially since Upbit has a strong influence in the Korean market, easily triggering FOMO emotions. However, whether RED can maintain its position will depend on whether subsequent funds can continue to flow in and whether the project's fundamentals can support it (such as ecological progress, staking demand, etc.). A reminder: a surge is often accompanied by a sharp correction, so never chase the highs!
If you are also interested in RED's subsequent trends, or want to anticipate the next coin that might be selected by a large exchange, leave a message saying 'ambush' in the comments, and I'll teach you how to discover opportunities in advance through on-chain data and community dynamics!
— Shen Ce (Crypto veteran, focused on breaking down deep logic in plain language) #非农就业数据来袭