CoinUp said its CPA token sale drew more than 8.3 million USDT from over 2,200 participants before the CPA/CPX pair began trading at 20:00 on June 20, with the token later rising 220% in its first hour.
CoinUp said its CoinUp Alpha (CPA) initial exchange offering concluded with more than 8,300,000 USDT in subscriptions from over 2,200 participants. The exchange had scheduled subscriptions from 12:00 on June 19 to 14:00 on June 20, token distribution from 16:00 to 18:00 on June 20, and listing of the CPA/CPX trading pair at 20:00 (UTC+8) on June 20. According to CoinUp data, CPA opened trading at 0.15 USDT and reached 0.48 USDT one hour later, a 220% increase. CoinUp describes CPA as an ecosystem token intended to support applications across DeFi, AI and GameFi.