The number of new SAFE token accumulators is skyrocketing after a 73% price surge, fueled by the announcement of South Korea’s largest exchange, Upbit, listing the token.

This sudden spike in price has triggered significant buying activity, especially among first-time accumulators.

In the last hour alone, the top five first-time buyers have collectively purchased 1.356 million SAFE tokens, valued at $2.24 million, from OKX, Bybit, and Uniswap. Together, these traders have already seen gains of $150,000, marking a 6.7% increase. The top accumulators include:

1. Trader 0x37a (“skt.eth”), who bought 464,531 SAFE, worth $751,000.

2. Trader 0x1cc, purchasing 310,201 SAFE tokens for $514,000.

3. Trader 0x16F, acquiring 222,401 SAFE, valued at $362,000.

4. Trader 0xd53, buying 220,260 SAFE for $369,000.

5. Trader 0xD7f, accumulating 138,995 SAFE, worth $242,000.

SAFE Market Cap Surges Over 40% 

As a result of these purchases, the SAFE project’s market capitalization has surged by 40%, now exceeding $600 million. Additionally, trading volume has soared by over 1,000% in the last 24 hours, reaching $63 million, according to data from CoinGecko.

Safe’s momentum is also reflected in its total value locked (TVL), which the project claims is more than five times higher than Robinhood’s centralized exchange (CEX), according to @0xDaniloP.

Furthermore, Safe has achieved notable milestones earlier this year, surpassing 7 million active user accounts and processing more than 30 million transactions on its infrastructure. These impressive stats underscore the growing interest in SAFE as it continues to expand its presence in the crypto market.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: jemastock/123RF // Image Effects by Colorcinch