Bittensor Soars Alone on Upbit Listing Boost

▲ Upbit, Bittensor (TAO) / ChatGPT-generated image

Upbit has captured the market’s full attention as Bittensor (TAO) surged sharply despite the broader market downturn following the announcement of its listing.

According to crypto-focused media outlet BeInCrypto on February 16 (local time), Upbit, South Korea’s largest cryptocurrency exchange, confirmed the listing of Bittensor. Immediately after the announcement, Bittensor jumped about 8%, marking the highest gain among the top 100 cryptocurrencies by market capitalization. This exceptional performance came even as the overall crypto market capitalization fell 2.53% compared to the previous day, extending the bearish atmosphere.

Upbit will support Bittensor trading through three pairs: Korean won (KRW), Bitcoin (BTC), and USDT. Trading officially begins at 4:00 PM KST on February 16, while deposit and withdrawal services will be activated within approximately 90 minutes after the listing announcement. Upbit stated that it only supports direct deposits via the Bittensor network and cautioned users to be particularly careful to avoid mistaken transfers through Ethereum Virtual Machine (EVM)-based networks.

To prevent excessive volatility following the new listing, Upbit is implementing strong protective measures. Buy orders will be restricted for about five minutes after trading begins, and sell orders submitted at prices 10% or more below the previous day’s closing price will be temporarily blocked. Additionally, for approximately two hours after listing, only limit orders will be permitted to minimize market price distortion. These safeguards are interpreted as measures to curb the typical speculative flows that often accompany listings on major exchanges.

Market analysts are expressing a highly optimistic outlook on Bittensor, which combines artificial intelligence and blockchain technology. Crypto analyst Michaël van de Poppe assessed that after a short-term correction, Bittensor is likely to recover toward the $300 level. He emphasized that AI-related protocols will become essential components of every investment portfolio and argued that this listing could serve as a catalyst for a strong rebound.

Currently trading around $207.6, Bittensor has maintained a strong upward trend of more than 21% over the past week. Whether the liquidity secured through this Upbit listing will translate into sustained trading volume growth and increased investor inflows is expected to be a key factor determining its future price direction. Amid weakened overall market sentiment, global investors are closely watching to see whether Bittensor can continue its independent rally driven by the artificial intelligence theme.

Disclaimer: This article is for investment reference only, and the publisher assumes no responsibility for any investment losses incurred based on its content. The information provided should be interpreted for informational purposes only.