Maple Finance's SYRUP token has surged over 20% in the past 24 hours, reaching a 30-day high of $0.61, following its listing on Upbit – South Korea's largest cryptocurrency exchange. The token defied broader market declines, with trading volume skyrocketing 230% to exceed $420 million as traders accumulated positions across newly launched KRW, BTC, and USDT pairs.
Upbit commenced SYRUP trading on July 25 at 15:00 KST, supporting only ERC-20 network deposits and withdrawals. The exchange implemented tiered restrictions including a 5-minute buy-order freeze and price fluctuation limits during initial trading. At announcement time, SYRUP traded at 674.51 KRW, 0.00000417 BTC, and $0.4864 USDT.
Technical indicators signal strong bullish momentum, with the Aroon Up Line hitting 100% – reflecting new price highs and sustained buying pressure. SYRUP currently holds above critical support at $0.59. A sustained breakout above $0.62 resistance could propel it toward its all-time high of $0.69, though profit-taking risks remain if support weakens.