API3 surged past 121% following its listing on Upbit today, marking an eight-month high and drawing heightened interest from South Korea’s crypto community.
Key Takeaways:
- API3 experienced a massive rally, jumping over 121%, from around $0.84 to $1.86 earlier today following its Upbit listing. The token currently trades at $1.57, running in a ~83.5% gain in the day.
- Trading volume surged by over 400%, with Upbit alone contributing nearly a quarter of the total daily volume. Market cap more than doubled, pushing API3 to become the 3rd largest oracle token by capitalization.
- Technical indicators show strong buying momentum, whereas RSI and MACD signal lean bullish, though overbought conditions may warrant caution.
Upbit, the largest crypto exchange in South Korea, listed API3 for trading in both KRW and USDT pairs earlier today, August 19, 2025. According to AInvest’s latest report, trading began at 17:00 KST (08:00 UTC). Upbit imposed measures to stabilize initial trading: buy orders were frozen for the first five minutes, sell orders couldn't be placed below a 10% price floor, and only limit orders were accepted during the first two hours.
TOP 7 ICO’s post on X emphasized the “Upbit Phenomenon,” where most tokens log a massive breakout following listing on the exchange, with API3 ranked fourth with the highest ROI post-listing.
API3 Price Doubles as Traders Pile In
Utility and governance token API3 soared from approximately $0.84 to $1.86, logging a 121.43% surge, recording its highest gain in eight months. As of this writing, the token’s share price modestly fell at $1.57, but still up 83.5% over the past 24 hours and at triple-digit gain of approximately 120.5% over the week. Current snapshot from CoinGecko confirms a live price of approximately $1.56, with intraday swings high of $1.82 and low of $0.811.
Photo: API3’s price as of 1:30 PM UTC, according to CoinGecko.
Two out of every ten API3 trades occurred on Upbit: CoinGecko tracks $175M in 24h volume on API3/KRW, about 30% of overall activity. Total daily volume hit $550–582M, up 357%. Market cap doubled from ~$100M to $200M+, ranking API3 the 3rd largest oracle coin by market cap, behind Chainlink and Pyth Network.
Bullish Charts Flash Caution on Overbought Levels
Technical readings heavily supported API3’s bullish momentum, though show signs of potential overheating. Investing.com’s data indicated the token’s 14-day Relative Strength Index (RSI) with an increase above 79, which sits under overbought territory firmly. Moving averages and momentum indicators such as the MACD and ADX, however, continued to display strong buy signals, underscoring sustained demand from traders.
Meanwhile, CoinCodex also reported bullish moving averages and exponential averages, reinforcing the upward trajectory. Despite the favorable setup, analysts cautioned that API3 may face short-term consolidation given the intensity of its recent run.
What’s next for API3?
Momentum remains strong, but overbought technicals point to likely consolidation near $1.25–$1.30. A clear break above $1.60 could open upside toward higher targets. With renewed focus on oracle-based Web3 infrastructure, API3’s next leg may depend on platform adoption and broader crypto sentiment.
Summary
API3 exploded 121% after its Upbit listing, climbing from $0.84 → $1.86 before settling at ~$1.57. Trading volume soared 400%+ to ~$550M, with Upbit’s API3/KRW pair alone handling $175M (~30%). Market cap doubled, making API3 the 3rd largest oracle token after Chainlink and Pyth.
Technical momentum is firmly bullish, but an RSI >79 suggests overbought conditions. Near-term action hinges on whether API3 can consolidate above $1.25–$1.30 or break out past $1.60 to continue its run. Sustained traction will likely depend on adoption of oracle-based Web3 infrastructure and continued Korean retail inflows.
