Flock (FLOCK) made a huge jump to record levels following listings on both Coinbase and Upbit, as trading volumes and prices spiked dramatically.
Key Takeaways:
- Coinbase Effect drove a ~15% gain in FLOCK price, supported by Upbit’s listing which pushed it up ~219%, before a moderate retreat.
- As of writing, real-time data shows FLOCK trading around $0.4932 with intraday high and low ranging $0.678 to $0.256, sustaining volatility.
- Trading volume soared, Upbit and Bithumb accounted for the lion’s share, underlining the power of exchange listings to boost liquidity and retail investor activity.
Coinbase and South Korea’s Upbit both announced the listing of Flock (FLOCK) through an X (formerly Twitter) post earlier today, sparking a dramatic price rally and significant trading activity. Coinbase also listed SPX6900 (SPX), but FLOCK experienced the more pronounced reaction.
Coinbase’s announcement, shared via its official X account, detailed that FLOCK would be supported on the Base network, with trading to begin after token supply sufficiency is confirmed. Upbit’s listing added FLOCK/KRW, driving intense interest from Korean traders.
Price Rally Shows the “Coinbase Effect” in Action
As of this writing (6:00 UTC), FLOCK is sitting at approximately $0.4932 with a noticeable gain of roughly 75.8% over the past 24 hours while logging notable intraday swings between $0.2560 and $0.6674, according to TradingView.
Previously, as reported by BeInCrypto at the time of the listings: FLOCK surged around 219% on Upbit and jumped approximately 15% following the Coinbase announcement.
Meanwhile, the explosive volume was confirmed by volume metrics, where CoinGecko recorded a 75.8% gain in price over 24 hours, with 7-day gains exceeding 100%, and 24-hour trading volume exceeding $308 million, a more than 3,100% increase. CoinGecko also noted in a post in X FLOCK’s massive surge, highlighting its price reaching 79.8% gain earlier today following Coinbase and Upbit listing.
Upbit and Bithumb drove this volume surge, capturing about 23% each, emphasizing their role in amplifying altcoin liquidity.
Analysts Warn of Volatility Despite Hype
The known “Coinbase Effect,” where tokens gain immediate legitimacy and retail attention upon listing, was in full effect. Meanwhile, Upbit’s listing opened access to South Korea’s large crypto market, amplifying demand.
However, some analysts voiced caution about FLOCK’s speculative nature. AInvest noted the project’s relatively low circulating supply (21.5%) and modest market cap (~$63.65M), alongside recent declines (~90% from a previous peak), as signals of heightened volatility risk.
Meanwhile, market observers also point out that exchange listings increasingly prioritize community traction and social media buzz over traditional fundamentals, leading to sharp surges, and often subsequent swings.
Outlook: Can FLOCK Sustain Its Momentum?
With FLOCK hitting an all-time high and markets electrified by the dual listings, investor focus will now shift to whether the token can sustain these gains for the next few days. It’s crucial to observe for possible retracements amid speculative fervor. As trading settles, FLOCK’s path may be shaped by platform-specific adoption, on-chain activity, and whether its decentralized AI utility narrative gains traction beyond meme-driven momentum.
Summary
Flock (FLOCK) surged after being listed on Coinbase and Upbit, with prices jumping over 200% on Upbit and ~15% on Coinbase, before stabilizing near $0.49. Trading volume soared more than 3,100% to exceed $308M, with Upbit and Bithumb driving much of the activity. The “Coinbase Effect” and strong Korean retail demand fueled the rally, but analysts caution that FLOCK’s low circulating supply (~21.5%) and small market cap (~$63.65M) leave it vulnerable to volatility. Sustainability of momentum will depend on broader adoption and whether its decentralized AI utility narrative can extend beyond speculative hype.
