Upbit, South Korea's largest cryptocurrency exchange by trading volume, announced on August 12, 2025, that it will list the CYBER token for trading against Tether (USDT) and Korean Won (KRW) pairs. Trading commenced at 17:00 Korean Standard Time (KST), with the exchange mandating all transactions occur via the Ethereum network using contract address 0x14778860e937f509e651192a90589de711fb88a9. Transactions through other networks are unsupported.
Immediately following the announcement, CYBER's price surged 133%, jumping from $1.80 to over $5.00 – its highest level since December 2024. This rally doubled its market capitalization from $80 million to $170 million and propelled CYBER to become CoinGecko's top daily gainer. Trading volume skyrocketed 524% to $251 million, reflecting intense investor interest.
Upbit implemented specific trading safeguards: buy orders were blocked for the first five minutes post-listing, sell orders placed 10% below the prior closing price were restricted during the same period, and only limit orders were permitted for the initial two hours. The exchange cautioned investors about high volatility and regulatory risks.
CYBER serves as the utility and governance token for Cyber Chain, a Layer 2 blockchain integrating social dynamics and AI tools via OP Stack technology. The token facilitates transaction fees, on-chain governance, and ecosystem interactions within CyberAccount. Prior to Upbit, CYBER was already listed on Binance, Bitget, MEXC, and Bithumb.