PolySwarm Token NCT Jumps 200% Ahead of Upbit KRW Debut

The token, which facilitates a decentralized threat-intelligence marketplace, climbed to approximately $0.0146 as traders scrambled to position themselves ahead of the launch. Trading volume hit $15.36 million in the 24-hour window, pushing the asset’s market capitalization toward $24.28 million. While NCT was already available against Bitcoin on the platform, the introduction of direct fiat access on the South Korean exchange typically signals significant volatility.

To manage the expected influx of orders, Upbit is implementing strict controls. For the first five minutes of trading, buy orders will be blocked, and sell orders priced 10% below the reference point—calculated from the previous BTC market close—will face similar restrictions. Furthermore, the exchange has limited initial activity to limit orders for the first two hours. As a secondary incentive, Upbit is waiving all NCT/KRW trading fees for the first 24 hours of operation, provided liquidity remains stable. Deposits and withdrawals are currently restricted to the Ethereum network.