Coinbase and Upbit Listings Send Flock (FLOCK) to Record All-Time High
The main US-based cryptocurrency change, Coinbase, and South Korea’s distinguished change Upbit have introduced the addition of recent altcoins to their buying and selling platforms.
The listings embrace assist for Flock (FLOCK) on each exchanges, with Coinbase additionally introducing SPX6900 (SPX). These strikes have triggered important worth surges. Moreover, the previous peaked at a brand new file high in early Asian buying and selling hours right this moment.
Coinbase and Upbit Announce New Altcoin Listings
In an official X (previously Twitter), Coinbase confirmed that it’ll record each altcoins. Trading is scheduled to start on or after 9:00 AM Pacific Time (PT) on September 9. The rollout will solely proceed as soon as there may be an satisfactory token provide.
“Coinbase will add assist for SPX6900 (SPX) on the Ethereum community (ERC-20 Token) and Flock (FLOCK) on the Base community. Do not ship these belongings over different networks or your funds could also be misplaced,” the announcement learn.
Moreover, trading for the SPX-USD and FLOCK-USD pairs will probably be launched in phases. The change additionally clarified that the supply of those belongings could fluctuate by area, as some jurisdictions will face restrictions.
Following the Coinbase announcement, SPX, a meme coin, experienced a modest worth improve. The worth rose from $1.33 to $1.41, marking a 6.02% achieve. The pump was short-lived, and the token shed its beneficial properties to commerce at $1.32, down 1.26% at press time.
Meanwhile, FLOCK noticed a extra pronounced uptick. The altcoin climbed from $0.26 to $0.30, a 15.38% rise, reflecting early market enthusiasm. These actions align with the so-called ‘Coinbase Effect,’ the place listings on the platform typically lead to fast worth boosts due to elevated visibility and perceived legitimacy.
While Coinbase’s information prompted modest beneficial properties, Upbit’s determination to add FLOCK to its Korean Won (KRW) market triggered a far stronger response.
“Please be certain that to test the proper community earlier than making any deposits of digital belongings. Deposits or withdrawals made by means of networks aside from those indicated will not be supported,” Upbit wrote.
Trading started at 12 PM Korean Standard Time (KST) and despatched FLOCK hovering. The altcoin’s worth surged from $0.31 to $0.99, a 219.35% improve, with the latter marking a new all-time high (ATH).
At the time of writing, the value adjusted to $0.50, marking an appreciation of 84.37%. In addition, FLOCK’s every day buying and selling quantity soared. It reached $197 million, a 2,051.30% improve from the day past.
Bithumb and Upbit accounted for many of this exercise, with shares of 23.2% and 22.9%, respectively, highlighting the exchanges’ important affect on the token’s liquidity.
The back-to-back listings spotlight how regional change assist can amplify international market momentum. Coinbase’s model energy and Upbit’s dominance mixed to propel FLOCK into the highlight, with volatility and buying and selling exercise anticipated to stay elevated as liquidity deepens.
The put up Coinbase and Upbit Listings Send Flock (FLOCK) to Record All-Time High appeared first on BeInCrypto.
