Upbit opened trading for Cysic's CYS in its BTC and USDT markets on August 10, 2026, after a 223 percent weekly run. The token peaked on August 15 and trades near $0.16 on October 7, about 91 percent below that high.
Correction, October 7 An earlier version put the all-time high at $1.68 on August 12, citing CryptoRank. CoinMarketCap and CoinGecko both date the high to August 15, at $1.76 and $1.78.
Where it stands
Upbit's market list still carries CYS. Bithumb lists a KRW-CYS market too, and CoinGecko ranks it first by volume at about $1.6 million over 24 hours. We could not find the date of the Bithumb listing. CoinGecko's ticker data shows no Binance or Coinbase market.
CoinMarketCap shows $0.156 on October 7, a market cap of $25.1 million and 160.8 million of 1 billion CYS in circulation. CoinGecko shows the price down 24.74 percent over 30 days and 83.8 percent over 60 days. The low so far is $0.1205 on September 14.
A rally that started before the news
Crypto.news, reading CoinGecko data, tracked CYS at about $0.54 on August 4, $0.83 on August 5 and $0.95 by August 7. The largest single move of the sequence landed around 23:00 UTC on August 9, hours before Upbit's notice went public. By the time ordinary traders could react to the announcement, most of the repricing was done. The exchange listings guide follows this pattern: listings are meant to be surprises, and the chart keeps disagreeing.
Listing day was messy. Trading was set for 14:00 KST, slipped to 17:00 and then to 20:00, and opened under Upbit's usual anti-spike limits, with buy orders restricted to limit orders for roughly the first two hours. Deposits and withdrawals run over Base, and the network shown on Upbit's deposit screen is the only one that matters.
Upbit added six tokens that day. BeInCrypto reported that CYS led the group, while AIOZ and EDEN posted single-digit to low-double-digit gains and XAN fell hard. The outcomes differed because the market already held different beliefs about each token. CYS printed a high near $1.28 to $1.30 around the open and settled near $0.92.
What Cysic is, and what the listing changed
Cysic is one of the more concrete entries in the ComputeFi category. The network launched its mainnet and the CYS token on December 11, 2025. It connects hardware operators, from consumer machines and GPUs to specialized zero knowledge rigs, with demand for proof generation and AI workloads, and pays them in CYS. The pitch is that proving is the bottleneck of the ZK roadmap and that a shared marketplace for proving hardware beats every protocol building its own.
Backers include Polychain Capital, OKX Ventures and HashKey Capital, and KuCoin and Gate had listed CYS futures around the mainnet debut.
What Upbit added was access to one of the deepest retail pools in Asia. At listing, crypto.news reported a market cap near $150 million with about 160 million CYS circulating, and daily volume above $70 million. That volume was far hotter than the float justified, as the CFX entry from the previous Upbit wave also showed.
The two months since have made the point. After the August 15 high, the price fell to $0.58 by August 24, when CryptoRank showed a market cap of about $94 million and daily volume near $12 million. It had fallen to $0.156 by October 7. About 84 percent of the supply is not yet circulating, so the vesting schedule is the main open question.
What to watch:
- Proving demand that actually routes through the network, and hardware operator growth.
- The unlock schedule for the 84 percent of supply not yet in circulation.
- The date and terms of the Bithumb listing, which we could not confirm.
This page describes mechanisms and risks. It is not advice to buy or sell.
Not financial advice Listings often spike and then fade once the first wave of buyers is done. Nothing here is a suggestion to buy this token. Check dates on the exchange's own announcement page before trading: schedules slip. Our listing reaction data shows how new listings have typically traded.
