Upbit Buys 3.6M CYBER Tokens Sparks 130% Price Surge

Upbit has recently emerged as the largest holder of CYBER tokens, a Web3 social graph protocol component. Since its listing on August 22nd, Upbit has acquired 3.6 million CYBER tokens, constituting 33% of its total circulating supply, surpassing Binance’s holdings of 2.47 million tokens.

https://twitter.com/ScopeProtocol/status/1697107624100274433

On August 22nd, Upbit announced its plans to introduce CYBER to its BTC market, enabling immediate CYBER deposit support within three hours, exclusively through the Ethereum network. Consequently, this move drove significant interest in CyberConnect’s CYBER token, leading to an impressive 85% surge in its price within a mere 24-hour period on August 29th.

The CYBER token, integral to the Web3 social graph protocol, briefly reached a value of $9.2 today and is currently trading at approximately $9, reflecting a remarkable 127% increase in the past week.

On August 30th, DWF Labs showcased its strategic acumen by augmenting its CYBER token holdings by 170,000 units over the preceding week, with each unit acquired at an average cost of $4.5, amounting to a substantial investment of $765,000. Presently, DWF Labs retains ownership of these tokens, which have surged in value to approximately $1.26 million.