INFINIT (IN) Trading Volume Jumps 700% After Upbit Listing
The listing of INFINIT (IN) on South Korea's largest crypto exchange, Upbit, led to a significant market response:
- Trading volume soared over 700% within 24 hours.
- The price of IN increased by 45% in the same period and has surged 85% over the past week.
INFINIT is a DeFi protocol that allows autonomous on-chain agents to execute multi-step strategies across decentralized finance platforms. With Upbit controlling over 70% of South Korea’s crypto market share, this listing brought IN to the attention of many retail and institutional investors.
Technical Analysis
The IN chart displays an ascending wedge pattern, indicating potential for either a breakout or breakdown:
- Current trading price: approximately $0.1223.
- Resistance levels: $0.1249 and $0.1356.
- Support level: around $0.1140.
- Indicators: RSI at 46.5, MACD shows slight bearish pressure, and CMF at -0.04 indicates mild capital outflow.
A breakout above $0.1356 could lead to prices between $0.145–$0.160, while a drop below $0.1140 might see a correction toward $0.1000.
Market Context: Upbit’s Influence
- Upbit commands approximately 71.6% of South Korea’s crypto trading volume.
- Processed $642 billion in transactions in the first half of 2025, averaging $3.36 billion daily.
- Dunamu, Upbit's parent company, is planning a merger with tech giant Naver, potentially integrating Upbit into Naver’s digital finance ecosystem.
SUBBD Raises $1.25M
Another project, SUBBD, is gaining traction in the content subscription space:
- Aims to revolutionize the $85 billion content industry with an AI-powered, tokenized platform.
- SUBBD token is essential for premium content access, staking rewards, and AI-enhanced features.
- Raised $1.25 million in its ongoing crypto presale.
Overall, both INFINIT's listing and SUBBD's fundraising highlight the dynamic nature of the current crypto market.