Vinny Lingham’s Civic (CVC) token has exploded in price after it began trading on the cryptocurrency exchange BTER.
Twitter reports relay how after just two hours of BTER trading, CVC shot up over 70 percent to reach highs of $0.37.
Trade volumes were also high, with over 2,300 BTC worth changing hands across all CVC exchanges tracked by Coinmarketcap.
$CVC (@civickey) has left the building! Looking very strong on almost 1,000 BTC volume in the past 24 hours… pic.twitter.com/HDzWU6eLuu
— Woodrow Levin (@WoodyLevin) August 10, 2017
BTER is specifically offering CVC/CNY pairs, demonstrating Chinese investor appetite for access to ICO tokens is serious despite recent warnings.
Lingham had also announced updates to Civic’s core offering in an interview this week, while wide praise of the stability and “professionalism” from users continues to surface on social media.
CVC had entered the market at $0.10 mid-July and remained range-bound between approximately $0.15 and $0.21 ever since, with Tuesday’s jump catching the community by surprise.
Elsewhere in cryptocurrency markets, CVC beat out the rise of every other asset in Coinmarketcap’s top 50, including newcomer NEO, which rose around 23 percent in the 24 hours to press time.
At the top, Bitcoin continues to circle all-time highs after coming down from its peak of almost $3,500 as SegWit locked in this week.