On April 29, South Korea's largest crypto exchange Upbit officially added Fluent BLEND (BLEND) trading pairs against KRW, BTC, and USDT. The token price rocketed 175.21% in a vertical discovery phase, reaching $0.23–$0.24 within minutes.
Such a surge is typical for Upbit listings — ZKsync, Sentient, and Aztec previously saw similar 100%–200% jumps. But sustained growth hinges on the project's underlying utility.
Listing Details and First-Minute Restrictions
Trading began at 14:00 local time on the Ethereum ERC-20 network (contract: 0xd8a271974e8edae9d7b58e3370dc1669427503f4). Initial prices stood at 136.16 KRW, 0.00000119 BTC, and 0.09176 USDT per BLEND. Upbit imposed strict buy/sell limits for the first five minutes: no buy orders allowed, sell orders capped at 10% below the previous day's close, and only limit orders for the first two hours.
Can the Price Hold After the Hype?
Historical patterns suggest the Upbit effect fades within days. Analysts expect BLEND to find a floor between $0.18 and $0.20, still double its pre-listing price of $0.09. Profit-taking or aggressive selling could trigger a sharper retracement.
Long-Term Value Drivers: Tech, Staking, and Buybacks
Fluent is a zk-rollup using rWasm to connect Ethereum and Solana dApps. If developers adopt the hybrid network, real demand for BLEND will grow. The project plans to launch protocol staking to lock supply and reduce sell pressure. Additionally, the treasury recently spent $65,173 to buy back 722,543 BLEND tokens, providing a price safety net. Combined with historical listing patterns, these factors could support the token in the $0.15–$0.20 range.
Key Risks: Unlocks, Profit-Taking, and Macro Headwinds
Over 42% of the token supply is held by the team and early investors — potential unlock events could heavily pressure the price. Short-term traders may also cash out after the 150% gain. Meanwhile, the FOMC rate decision on the same day could drag down the broader crypto market if the Fed signals tighter policy.
Fluent's technology is promising, but crypto volatility demands caution.