Upbit and Bithumb Announce 4 New Altcoin Listings Today
South Korean exchanges Upbit and Bithumb announced listings for four altcoins, causing immediate price surges for the newly added tokens.Summary
Upbit, South Korea's largest crypto exchange, listed ZORA, causing its price to jump approximately 17% to $0.11. Trading for ZORA against KRW, BTC, and USDT on the Base network began at 13:30 KST, with initial trading restrictions in place. This listing follows Zora's ecosystem expansion, including creator coins on the Base network and the launch of the Believe Fund to support creators with 20 million ZORA tokens. However, a potential token unlock of 166.67 million ZORA tokens on October 30 could introduce volatility.
Separately, Bithumb announced it will list three other altcoins: Infinit (IN), Doodles (DOOD), and YieldBasis (YB) on its KRW market. Trading for IN and DOOD started at 4:00 PM KST, followed by YB at 5:00 PM KST. These listings also resulted in modest price gains for the tokens, with IN rising 6.78% and DOOD and YB increasing by 8.37% and 8.41%, respectively.
(Source：BeInCrypto)