Centrifuge Coin (CFG) has climbed sharply, rising nearly 120% in the last 24 hours. The token is trading around $0.157, after hitting a peak near $0.283 earlier on Thursday. The move followed the announcement of CFG’s listing on Upbit, South Korea’s largest crypto exchange, which offered KRW, BTC, and USDT trading pairs.
The Upbit debut provided deep Korean retail liquidity, helping push the price toward the session high around $0.28. The rally accounts for a sizable portion of CFG’s roughly 92% weekly gain, aided by thin pre-listing supply that amplified the move when a low-float token hits a high-volume venue.
The catalyst isn’t purely speculative; Centrifuge and Resolv announced a $100 million deployment of JAAA, the tokenized Janus Henderson AAA CLO fund, as leveraged collateral inside Aave Horizon’s DeFi lending markets. That deal is described as the largest real-world asset (RWA) loop trade ever attempted in DeFi, with JAAA integrated directly into its yield architecture on-chain. Analysts see this as a structural driver for CFG beyond the listing pump, as longer-horizon traders evaluate whether CFG can hold above its breakout zone. Price action has pulled back from intraday highs and found support near $0.15, with momentum fading but the fast RSI still signaling potential for further moves if buying interest returns.
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