- RedStone’s price surged 55%, and 24‑hour trading volume jumped to $418,000,000.
- The token rallied after Upbit announced support for RED trading.
- RED could potentially climb toward $1 or find support near $0.50.
RedStone (RED), a leading provider of decentralized finance oracle infrastructure, saw its price jump sharply by 55% within 24 hours.
While the rally coincided with a broader market rebound, RED’s surge was driven in large part by an announcement from Upbit, South Korea’s largest cryptocurrency exchange, that it would list RED for trading.
The announcement, made on September 5, ignited excitement among traders and DeFi enthusiasts and pushed RedStone’s price above $0.78.
RedStone Gains 55% Following Upbit Listing
After Upbit confirmed the listing, RED’s price climbed to $0.78 on Friday.
Other exchanges, such as Bithumb, have also seen explosive growth for newly listed tokens.
According to CoinMarketCap data, RedStone rose from a low of $0.47 to $0.78, representing a notable 55% increase in 24 hours.
At the same time, trading volume surged to $418,000,000, rising more than 800% at the time of writing.
The spike followed Upbit’s formal announcement of support for RED/KRW trading, which opened at 17:00 Korea time.
RedStone’s team celebrated the listing via their X account, highlighting the availability of RED/KRW on Upbit.
The post also promoted upcoming events in Seoul, including Korea Blockchain Week (KBW), the Hyperliquid hackathon, and offsite gatherings like XRP Seoul, signaling active engagement with the crypto community.
The listing bolstered trader confidence in RED, especially in Korea, a market known for high trading activity.
RedStone Price Outlook
RedStone provides modular oracle infrastructure for DeFi protocols and secures more than $10 billion in assets, a use case that aligns with Upbit’s focus on innovative projects and helped fuel the price rally.
Recently, RedStone acquired DeFi rating provider Credora, an acquisition expected to support the platform’s expansion.
Commenting on the acquisition via X, RedStone said it brings TradFi‑grade risk assessment to DeFi and enables RedStone to serve a role in decentralized markets similar to that which S&P or Moody’s long held in traditional finance—a trusted framework for understanding and pricing risk.
The 55% surge also reflects broader market dynamics, with protocols such as Compound, Lido, and Pendle experiencing gains.
Although the uptrend is clear and Bitcoin is forming higher lows, September has historically been a volatile month for assets like BTC, which could introduce short‑term price swings.
Analysts note that sustaining the current momentum will depend on RedStone’s ability to capitalize on Upbit’s listing and deliver on its planned activities.
For now, RED needs to hold above $0.60 to maintain the bullish momentum; otherwise, the token could slip back toward $0.50 or lower.