The Upbit cryptocurrency exchange has become the largest holder of CYBER tokens, which are part of the Web3 social graph protocol.
Since August 22, the cryptocurrency exchange has acquired 3.6 million CYBER tokens (33% of the total supply in circulation), making it the first holder of this asset. The second place was occupied by crypto exchange Binance with 2.47 million CYBER, according to the page of Lawrence J. Harris on X (Twitter).
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Upbit announced the listing of CYBER on the BTC market on August 22, providing support for CYBER deposits from the Ethereum network, according to CoinCu's coverage. This information contributed to the price of the CYBER token on CyberConnect skyrocketing by more than 85% on August 29.
Now the token is trading at $9 USD, having increased by 127% in the last 7 days.
It's worth noting that market maker DWF Labs invested $765,000 in CYBER last week, buying 170,000 coins. The average token value was $4.5. Currently, the value of these tokens is about $1.26 million.
Read also: Binance has launched a new service in Latin America.
