Upbit to List Moonbird (BIRB) on Feb 3, 2025 — Major Boost for NFTfi Liquidity
South Korea’s leading exchange Upbit will list Moonbird (BIRB) on February 3, 2025, opening trading at 09:00 UTC across BIRB/BTC, BIRB/USDT and BIRB/KRW. Deposits begin several hours earlier. The listing follows Upbit’s standard due diligence and compliance checks, and is positioned as a validation for Moonbird’s NFTfi protocol — which enables NFTs to be used as collateral for loans and uses BIRB for governance, fee discounts, staking rewards and some collateral utility. Technical integration on Upbit includes wallet support, price indexing and smart-contract risk review. Market observers expect a classic “listing effect”: heightened volume and volatility, particularly in Korea’s retail-driven market, improving liquidity and price discovery for BIRB. Longer-term price performance will depend on fundamentals such as Moonbird’s TVL, user growth, tokenomics (emission and vesting schedules) and broader DeFi/NFT trends. Upbit’s regulatory standing and market dominance (noted high KRW market share and compliance with the FSC) often amplifies visibility for listed projects across Asia. Traders should expect short-term volatility around listing, opportunity for arbitrage and increased KRW liquidity, but evaluate team vesting, token supply mechanics and protocol adoption before sizing positions.
Bullish
An Upbit listing is typically bullish for a token’s near-term market performance due to increased liquidity, KRW fiat access, and elevated visibility — the so-called “listing effect” often produces spikes in volume and price discovery. Upbit’s strong regulatory compliance and large Korean retail base amplify this effect, making BIRB more accessible to a major market and likely attracting arbitrage and new buyers. Historical parallels include tokens that surged on first listings at major regional exchanges, then stabilized as fundamentals asserted themselves. Short-term: expect high volatility and volume as traders arbitrage pairs (BTC/USDT/KRW) and retail demand floods in. Medium-to-long-term: positive only if Moonbird grows TVL, user adoption and demonstrates sound tokenomics (limited inflation, clear vesting). Risks that could temper bullishness include token unlock schedules, weak protocol growth, or negative smart-contract findings. Traders should size positions with stop-losses around the listing event and monitor on-chain metrics (TVL, active users) and token distribution data to assess lasting momentum.