Brevis token has appreciated by more than 15% during the past 24 hours, as it is scheduled to be listed on the Upbit exchange today. With hype around the listing of the token, it captured the second spot on CoinGecko’s trending list.
South Korea’s largest crypto exchange, Upbit, announced the listing of Brevis at 6:00 a.m. UTC. As such, Brevis, which is the token of a computing platform that provides the foundational infrastructure for scalability, can be traded against the South Korean won (KRW), Bitcoin (BTC), and Tether (USDT) after launch.
Getting listed by an established crypto exchange like Upbit, which does its due diligence, is an accreditation from a token’s point of view. The Upbit exchange, operated by Dunamu Inc., maintains high listing standards, which involve security audits, liquidity assessments, and regulatory compliance reviews. As such, Brevis getting listed means that it has made it through the criteria laid out by the exchange, making it a safe token.
A listing on major exchanges like Upbit is no longer a guarantee of price appreciation. In today’s market, listings often act as liquidity events rather than demand drivers. By the time a token reaches top-tier exchanges, much of the early price discovery has already happened. What follows depends less on the listing itself and more on real usage, sustained demand, and how much supply is waiting to sell.
Lavneet Bansal, crypto analyst
Following this announcement, the price of the token shot up by more than 15%, rising from as low as $0.335 to $0.55 within a short period. Tokens usually appreciate just before listing because of the hype, liquidity anticipation, and trader psychology. However, the real value of the token lies in how it performs after all the hype drains out.Â
