Sunday, December 5

1inch Price Explodes 90% to New ATH as Upbit Lists 1inch and AAVE

The market may have corrected in the past couple of hours, but 1inch token and AAVE are doing rounds against the tide. The former surged by as much as 96%, while the latter – by 37%. This happened as Korea’s leading cryptocurrency exchange – Upbit, listed the tokens for trading.

  • As CryptoPotato reported earlier today, the total cryptocurrency market tumbled in minutes as bitcoin’s price slid below $60K and reached as low as $58K.
  • All altcoins followed suit, with most charting double-digit declines with a few exceptions, such as SHIB.
  • However, two other cryptocurrencies that not only didn’t decrease but surged massively, in turn, were 1inch and AAVE.
  • 1inch, the native token of the popular 1inch DEX aggregator, surged by almost 100%. The cryptocurrency charted a new all-time high at $8.65 (according to CoinGecko). The price has now corrected a bit but is still up considerably.
Chart by TradingView
  • Another one that increased substantially was AAVE – the governance token of the popular decentralized lending protocol, Aave.
  • It surged by about 37% at one point, but it failed to come close to its all-time high, which is set at around $660 five months ago.
  • All of the above came immediately after Upbit – Korea’s leading cryptocurrency exchange – announced that it will list both tokens to its platform and open them for trading.
  • The exchange opened both BTC and KRW markets, and traders were able to deposit 30 minutes following the notice.

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