Centrifuge Coin (CFG) has seen a dramatic rise today, spiking nearly 120% in the last 24 hours. The coin is currently trading at approximately $0.15731, having hit a peak of $0.28348 earlier on Thursday.
This massive surge, which accounts for most of the 92% weekly gain, occurred within a few hours of the announcement of its listing on the Upbit exchange. Trading volume also exploded to $99.6 million, a sharp increase driven by orders from the Korean market.
CFG Gains From Upbit Listing and $100M Aave Integration
South Korea’s largest crypto exchange listed CFG on Thursday with KRW, BTC, and USDT pairs. That access to deep Korean retail liquidity drove the initial 116% print to $0.183, then further toward the session high near $0.28. Thin pre-listing supply amplified the move-fast, classical mechanics when a low-float token hits a high-volume venue without warning.
But the catalyst isn’t purely speculative. On the same day, Centrifuge and Resolv announced a $100 million deployment of JAAA, the tokenized Janus Henderson AAA CLO fund, as leveraged collateral inside Aave Horizon’s DeFi lending markets.
That makes it the largest RWA loop trade ever attempted in DeFi. According to a February 26 report, Centrifuge’s TVL already stands at $1.35 billion, and JAAA has reached $1 billion in AUM as the first AAA-rated CLO is brought fully on-chain.
The Aave deal isn’t peripheral context; it’s the structural reason longer-horizon traders are watching whether CFG holds above its breakout zone, not just fading the listing pump.
Centrifuge Coin Price Finds Ground at $0.15
On the hourly chart, RSI hit over 80 at the peak before collapsing to 47.29 on the fast line, with the signal at 61.28, a split reading that reflects the speed of the reversal more than any clear trend.
Master of Crypto noted that supply dried up quickly once Upbit buyers entered, and flagged $0.29318 as the next meaningful resistance for the Centrifuge crypto price if buyers can hold the breakout. Below the current price, $0.15 is the immediate floor, and losing it opens a return toward the prior range near $0.08.
The longer-term chart the analyst highlighted shows that the Centrifuge coin broke out of a multi-year descending wedge that compressed the price from the 2024 highs. The $0.50387 level represents the upper bound of that structure, going back to mid-2024.
Price has pulled back to just above the breakout zone, where the next few sessions will matter. Momentum has also faded sharply from the spike, but the fast RSI holding above 45 keeps the structure from turning fully bearish immediately.
READ MORE: ENA Price Prediction as Ethena USDe Hits $1.15B Supply
