4-4-2025 – Powering the decentralised storage network Filecoin, has surged by an impressive 30%, propelled by its debut on South Korea’s prominent Upbit exchange. Trading pairs for FIL/KRW flickered to life at 07:30 UTC, as announced via a succinct tweet from Upbit, igniting a swift climb in the token’s value. On Coinbase, FIL soared from $3.49 to a peak of $2.71, though it has since settled around the $3.00 mark, reflecting a buoyant yet stabilising market response.
This listing has unleashed a torrent of activity, with daily trading volume swelling by 68% to a hefty $303 million, according to CoinMarketCap’s latest figures. The dramatic uptick underscores the potent influence of South Korean exchanges, where tokens often command a premium. Stringent financial regulations in the country stifle the free flow of capital across borders, curbing arbitrage and creating a unique pricing dynamic that tends to inflate values locally. For FIL, this has translated into a striking windfall, spotlighting the token’s growing allure among traders.
