Maple Finance’s SYRUP Token Surges 23% Following Upbit Listing
Maple Finance's SYRUP token rose 23% to $0.65 following its listing on South Korea's Upbit exchange, which led to a liquidity boost and a 400% increase in daily trading volume over $884 million.
Key Developments
- SYRUP trade pairs include KRW, BTC, and USDT.
- Price hit a 30-day high of $0.61 post-listing.
- Current support level is at $0.59; resistance at $0.62 could lead to a retest of all-time high at $0.69.
- If demand weakens, prices may drop below $0.59 support.
SYRUP Price Chart – Source: TradingView
Performance Metrics
- Q2 2025 report showed syrupUSD assets under management surged 460% to $1.87 billion.
- Total DeFi supply reached $790 million.
- Bitcoin Yield product added over $180 million in capital with a 5.2% return.
- Total assets managed by Maple Finance now stand at $3.1 billion, aiming for $5 billion by year-end.
Governance and Future Plans
- MIP-018 proposal for increased token buybacks has been introduced.
- Voting on the proposal commenced on July 25.
- Plans announced for new on-chain structured investment vehicles.