KERNEL price goes vertical on Upbit listing, hits $0.23

• KernelDAO price jumped to highs of $0.23 amid Upbit listing news.
• The KERNEL token reached an all-time high above $0.46 in April, and it could target this mark next.
• Gains across the crypto market will catalyse an uptick for the token.

KERNEL, the native token of restaking protocol KernelDAO, spiked more than 25% to hit highs of $0.23 early Tuesday.

While bulls are battling to hold onto the gains, the uptick saw the token rank among the top performers across the crypto market.

Given overall crypto sentiment, could Upbit listing help KERNEL price extend its upward momentum amid interest in restaking protocols?

Upbit listing propels KERNEL to $0.23 high

As noted, the catalyst for KERNEL’s vertical price ascent today is likely trader reaction to Upbit’s announcement.

On October 28, 2025, the leading South Korean crypto exchange confirmed the token’s listing on its KRW market, adding support for trading on the Ethereum network.

The listing ignited immediate buying pressure, with KernelDAO daily volume spiking as bulls propelled KERNEL from lows of $0.16 to an intraday peak of $0.23 as of writing.

Notably, daily volume stood at over $316 million, up a staggering 1,540% in the past 24 hours.

With gains of over 20%, KERNEL ranked among the few top altcoins with double digit price movements on the day.

KernelDAO price hovered in the list of top gainers alongside Hedera’s HBAR, Pump.fun’s PUMP and Bittensor’s TAO tokens.

Why such interest in KernelDAO?

KernelDAO is a leading restaking protocol behind a $1.7 billion total value locked ecosystem.

The YZi Labs-backed project is live across top blockchains, including Ethereum and BNB Chain.

Notably, it boasts key products like Kernel, Kelp, Gain, and Kred, a recently introduced product focused on real-world assets.

Upbit’s listing is the latest in bullish support for the KERNEL token, with the South Korean crypto exchange known for its active trading community.

The listing not only boosts KERNEL’s visibility but also taps into fresh liquidity pools.

KernelDAO is a restaking infrastructure platform that provides a range of staking-related services.

It enables restaking on the BNB Chain, supports BNB Liquid Restaking Tokens (LRTs), and offers Bitcoin (BTC) restaking opportunities.

In addition, the project operates an Ethereum-based restaking protocol that runs directly on the Ethereum network.

This system includes a vault-style smart contract designed to manage staked ETH, rsETH, and liquid staking token (LST) assets.

The platform’s native KERNEL token serves multiple purposes, including governance, restaking, and slashing insurance within the ecosystem.

KernelDAO bulls target $0.50 next

KERNEL price reached an all-time high of $0.46 in April 2025, and while it dropped to lows of $0.09 in June, it has recovered by more than 115% since.

Current prices around $0.19 means bulls are about 57% off the all-time peak.

As the broader cryptocurrency market rebounds amid various catalysts, including renewed institutional interest, regulatory clarity in key regions, and macroeconomic shifts favoring risk assets, KernelDAO looks set to benefit.

DeFiLlama shows the protocol’s total value locked (TVL) has pumped to over $1.7 billion.

As such, gains across the restaking sector could add further fuel to KernelDAO’s ecosystem.

Targets on the upside include the ATH and a breakout above $0.50.

On the downside, buyers need robust activity around $0.18 and $0.16.