On January 6, 2025, @EmberCN announced the launch of UXUY's $UP token. According to @EmberCN, $UP tokens can be earned through trading, referrals, and daily tasks (@EmberCN, January 6, 2025). The $UP token launch is significant as it introduces a new utility token within the UXUY ecosystem, which is a multi-chain decentralized exchange (DEX) and wallet (@EmberCN, January 6, 2025). Additionally, @EmberCN mentioned that $DEGEN airdrops worth $155 are available, which can be claimed by new users through a provided link (@EmberCN, January 6, 2025).

The launch of $UP tokens could have several trading implications for UXUY. Given UXUY's backing by major investors such as Binance Labs, Kucoin Ventures, and Bixin Ventures, the introduction of $UP might attract more users and liquidity to the platform (@EmberCN, January 6, 2025). The $DEGEN airdrop initiative could also boost user engagement and trading volume on UXUY. As of January 6, 2025, UXUY's Telegram Wallet has reached 10 million monthly active users, indicating a robust user base that could drive the trading of $UP tokens (@EmberCN, January 6, 2025).

Technical indicators and volume data for $UP and $DEGEN are not available as of the latest update on January 6, 2025. However, the launch of $UP tokens and the $DEGEN airdrop could lead to increased trading volumes on UXUY. The platform's use of MPC encryption technology for its Telegram Wallet suggests a focus on security, which could be a positive factor for traders (@EmberCN, January 6, 2025). Additionally, the ability to buy tokens directly through a Telegram Bot by sending CA (Contract Address) could simplify the trading process, potentially increasing trading activity (@EmberCN, January 6, 2025).