Powerledger jumps 17% on Upbit as sentiment hits extreme greed, signaling strong retail demand in Korea.

Powerledger (POWR) surged nearly 17% on Upbit, driven by a spike in retail demand reflected in the exchange's Fear & Greed index hitting 97, an 'extreme greed' level. The token traded between 77.5 and 98.0 won with high volume, indicating aggressive dip-buying and momentum-driven trading rather than a fundamental catalyst. This surge highlights strong short-term interest but also raises risks of volatility due to crowded trades. Traders are watching key price levels around 98 won resistance and 77-78 won support for potential pullbacks or continuation.