SGB coin has been moving quite a bit lately. It’s said that SGB coin, Songbird’s native token, showed strong performance initially after being listed on major XRP-centered exchanges. It recorded a significant surge in the first 24 hours after listing, with its highest price reportedly reaching $0.71. It’s currently in a pullback as the market adjusts and the price has come down. SGB coin is the native token of Songbird, which is the sister chain of Flare’s EVM-compatible blockchain, and it’s reported that since its deployment in September last year, it has recently transitioned to fully decentralized operations. Judging by the current movement of SGB coin, it seems the initial hype from the listing is starting to cool off, but we’ll have to see which direction it takes in the long term. Since the cryptocurrency market is highly volatile, newly listed tokens like SGB coin tend to have especially many variables.