The native token of the real-world asset tokenization platform Centrifuge, CFG, experienced a dramatic intraday surge of approximately 180% following the announcement that it would be listed on the major South Korean cryptocurrency exchange Upbit.
The rally propelled CFG's price to levels last seen in October 2025, reclaiming key technical levels. According to market data, the token subsequently retreated from its intraday highs as traders engaged in profit-taking, a common occurrence after such sharp upward moves.
Upbit officially announced that trading support for CFG would commence on February 26, 2026, at 2:00 PM Korea Standard Time (KST). The listing includes spot trading pairs against the Korean Won (KRW), Bitcoin (BTC), and a major stablecoin. Deposit and withdrawal services were scheduled to become available shortly after the announcement.
On-chain data revealed significant accumulation by large holders, or "whales," alongside a sharp spike in trading volume coinciding with the price surge. Historically, listings on Upbit, known for its large user base and deep liquidity, have generated substantial price movements for newly supported tokens.
From a technical perspective, the token's movement presented mixed signals. While CFG traded above its 50-day and 100-day simple moving averages (SMAs), and the Moving Average Convergence Divergence (MACD) indicator suggested bullish momentum, the Relative Strength Index (RSI) entered overbought territory, flashing a note of caution.
Market analysts noted that sustained trading volume from Korean market participants could drive prices toward higher resistance levels. However, they also warned that a decline below key moving averages could accelerate downside pressure. The broader cryptocurrency market, including Bitcoin and several major altcoins, also posted gains during this period.
