Profit-taking threatens to wipe out all the intraday gains as the price hovers near $0.16.
Centrifuge (CFG) has surged dramatically in the past 24 hours, posting gains of over 180% amid excitement over its listing on South Korea’s largest crypto exchange, Upbit.
Notably, the rally aligns with broader market gains, as Bitcoin climbed about 7% to near $70,000 before settling around $68k as of writing.
Several top altcoins also posted positive moves, including Ethereum’s uptick to above $2,000 despite continued selling by co-founder Vitalik Buterin.
On-chain data shows whale accumulation is picking up and could surge as price breaks above the $2k level.
CFG is up amid this potential market bounce, with the Upbit listing a major catalyst.
However, the overall crypto market sentiment remains cautious, and profit-taking could see a sharp pullback for several altcoins.
Upbit, South Korea’s leading crypto exchange, announced that trading support for CFG would go live on February 26, 2026, at 2 PM KST.
The exchange added spot pairs against KRW, BTC, and USDT, and revealed that deposits and withdrawals would be available shortly after the announcement.
Upbit boasts a massive user base and liquidity, and these factors have historically seen listed tokens pump hard.
CFG’s price rose sharply amid the potential flip in visibility and adoption.
The token’s value jumped from around $0.08 to over $0.25, with trading volume spiking over 4,000% to $79 million.
With assets like Polkadot, NEAR, and Uniswap trending among the top 10 gainers, it’s Centrifuge’s vertical jump that stood out.
CFG market cap ballooned past $120 million before slipping lower as prices retreated from the intraday highs.
Centrifuge is a crypto project focused on tokenizing real-world assets (RWAs), a market that’s attracting huge attention.
The CFG token powers governance on the platform, allowing holders to participate in protocol decisions.
Despite market potential, its price has largely followed the bearish trend across crypto.
A short-term upside tied to Upbit’s liquidity influx helped bulls revisit prices last seen in October 2025.
If Korean inflows persist, buyers could test higher resistances around $0.30 and move to $0.40.
However, broader profit deals have already seen CFG pull back, currently trading near $0.16.
The MACD suggests bullish sentiment, but an extended RSI signals overbought risks.
If prices fall below the 50-day and 100-day simple moving average lines, the nosedive could accelerate to $0.10 or lower.
