South Koreans Rush to Binance-Listed Altcoin: It's Trading 50 Percent Higher on Their Exchange

According to the data, South Korean cryptocurrency traders focused on the CyberConnect (CYBER) altcoin, which has been talked about with the rises it has been experiencing for a while.

While the price of the token is traded at around $10 on Binance, at the time of writing this article, it is traded at $14 on Upbit, South Korea's largest cryptocurrency exchange, and approximately $15 on Bithumb, also a South Korean stock exchange.

The current annual funding rate of CYBER U-based contracts is over -500% on major exchanges and -662% on Binance.

Thus, CYBER broke the all-time high price record on these exchanges. The all-time high price record for the token on other major exchanges is $10.36.

Graph showing the recent rise in CYBER price.

CYBER was recently launched via a Launchpool on Binance and almost doubled its price last week. The altcoin has a maximum supply of 100 million units, of which 11 million are in circulation.

*This is not investment advice.