Key Takeaways:
Infinit (IN) token’s price increased 9.85 percent to 145 won on Sunday as a spike in trading volume on the Upbit exchange pushed it to the top of the platform’s investor sentiment rankings.
The token was changing hands around 145 won on Upbit's KRW market as of Sunday ET, according to the original report. The move signals an abrupt swing toward short-term risk appetite in South Korea's retail-heavy crypto market.
The surge in Infinit's price and sentiment ranking on a major Korean exchange suggests a localized, speculative event. This pattern mirrors recent selective interest in other alternative cryptocurrencies. For instance, XRP-linked investment products recently attracted about $42 million in net inflows over a week, even as funds for bitcoin and ether saw significant redemptions, according to data from CoinGlass and Santiment.
For traders, the key question is whether the Infinit surge is a short-lived, isolated event or an early indicator of a broader rotation into smaller altcoins. The activity on Upbit suggests that while major assets like Bitcoin consolidate, retail traders are actively searching for short-term opportunities in less-crowded tokens, potentially leading to higher volatility in selected assets.
This article is for informational purposes only and does not constitute investment advice.
