South Korea’s leading cryptocurrency exchange, Upbit, has officially announced the listing of FLOCK, the native token of decentralized AI collaboration platform FLock io.
The token is now available for trading against both Bitcoin (BTC) and Tether (USDT), a move that has significantly boosted its visibility and liquidity.
The announcement, released on May 30, marked a pivotal moment for the FLOCK community, as inclusion on a major exchange like Upbit often signals growing legitimacy and broader market access.
Price Reaction: FLOCK Surges Over 52% Amid Increased Market Activity
Following the listing, FLOCK saw a sharp surge in its market price, climbing 52.40% within 24 hours to reach $0.1336.
The token also posted a 51.86% increase over the past seven days, reflecting sustained investor interest.
Trading volume spiked to over $14 million in a single day, showing a strong influx of capital and speculative activity.
With a circulating supply of 110 million tokens, FLOCK’s market capitalization now stands at approximately $14.8 million.
The strong market performance underlines the impact of strategic exchange listings and signals bullish sentiment from both retail and institutional investors.
Also Read: KERNEL Token Price Surges By 28% Following Upbit’s Spot Trading Listing Announcement
Trading Details and Technical Pricing Breakdown
According to Upbit’s official pricing update on May 30 at 11:50 AM KST, FLOCK was quoted at 0.00000078 BTC and 0.0831 USDT.
The BTC quoted price is slightly lower than its previous closing prices of 0.00000082 BTC and 0.0885 USDT, respectively.
Despite this brief dip in intra-day pricing, the overall 24-hour trend remained upward.
Upbit emphasized the importance of correct deposit protocols to avoid processing delays.
Users are required to deposit FLOCK via the Base network only, and deposits using unapproved networks or unlisted VASPs (Virtual Asset Service Providers) may result in non-reflectable or unrecoverable funds.
The exchange has also provided the official contract address for FLOCK (0x5ab…7b691) to ensure accuracy in transactions.
Security, Compliance, and Investor Caution
Upbit’s announcement also came with strict compliance instructions, particularly related to deposit procedures under the travel rule framework.
The exchange cautioned users to verify that transfers are made through compliant VASPs to avoid losing access to their funds.
Additionally, the platform reiterated that only the designated networks, Base for FLOCK and Ethereum for FORT, are supported for deposits and withdrawals.
These measures, while increasing security, also highlight the importance of user diligence when interacting with newly listed assets.
As investor excitement grows following FLOCK’s explosive entry onto the Upbit platform, users are urged to remain vigilant and adhere to all technical and compliance requirements to avoid unnecessary risks.