Upbit Advises Caution with Carry Protocol (CRE) Investment

IconCrypto News Terminal25 Apr, 2024

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Upbit Advises Caution with Carry Protocol (CRE) Investment

Upbit, a leading South Korean cryptocurrency exchange, urges caution when investing in Carry Protocol (CRE). The exchange released a notice on its website, highlighting potential price volatility due to an upcoming token swap involving CRE. Carry Protocol (CRE) will merge with SLG.Games' governance token (SLG). Both tokens will transition to a new token, GAME, based on a swap ratio set by the project team. Upbit emphasizes that this process may lead to increased price fluctuations for CRE. Previously on April 25, 2024, Upbit issued a similar cautionary notice regarding Carry Protocol (CRE). The exchange cited the potential for heightened price volatility due to the upcoming token swap.