Upbit and Bithumb Announce New Altcoin Listings Today
South Korea’s two largest cryptocurrency exchanges, Upbit and Bithumb, introduced new crypto listings at present, increasing investor entry to digital belongings.
Upbit has listed the Sun Token (SUN). At the identical time, Bithumb has introduced that it’ll add help for 0G token, a brand new market entrant backed by a high-profile company pivot.
SUN Token Goes Live on Upbit
SUN serves because the governance token for SUN.io. It is a TRON-based decentralized finance (DeFi) platform offering stablecoin swaps, yield farming, and self-governance.
According to the official announcement, Upbit opened SUN buying and selling on September 22 at 12:00 Korean Standard Time (KST). The token may be traded in opposition to the Korean gained (KRW) and Tether (USDT).
Furthermore, the alternate famous that deposits and withdrawals are supported on the TRON community. Upbit additionally printed the verified contract tackle — TSSMHYeV2uE9qYH95DqyoCuNCzEL1NvU3S — and cautioned that transfers despatched through different networks is not going to be processed.
“In accordance with the Travel Rule, deposits comprised of exchanges not included within the listing of Virtual Asset Service Providers (VASPs) eligible for deposits/withdrawals can’t be processed. Returning such deposits could take a very long time,” Upbit added.
The crypto itemizing provides to a current sequence of altcoin integrations on the exchange. Similar to past announcements, Upbit’s addition catalyzed a pump for SUN.
SUN surged 36% from $0.025 to $0.034. It moderated to $0.030 at press time, up greater than 20% for the reason that announcement.
The token’s rally provides to a powerful week wherein SUN has appreciated greater than 50%. Nonetheless, buying and selling exercise has slowed. CoinGecko data confirmed that SUN’s each day buying and selling quantity has dropped 36%.
Liquidity for SUN stays focused on international platforms, notably HTX and Binance. Still, Upbit has shortly captured greater than 12.54% of buying and selling quantity inside hours of the itemizing.
Bithumb Announces 0G Listing
Meanwhile, Bithumb revealed it should add market help for the 0G token, a cryptocurrency native to the AI infrastructure undertaking 0G. The alternate highlighted that buying and selling will begin at 7:00 PM KST. Furthermore, the altcoin will be tradable in opposition to KRW.
Besides, Bithumb, the token can even be listed on Binance, the most important cryptocurrency alternate.
Despite being new, the token has already drawn main institutional consideration. Flora Growth Corp. (FLGC) has dedicated $401 million to launch a 0G treasury strategy.
“AI isn’t simply remodeling what firms do, it’s remodeling how they have to construct infrastructure. This treasury technique gives institutional traders equity-based publicity to the foundational infrastructure enabling clear, verifiable, large-scale, cost-efficient, and privacy-first AI improvement,” Daniel Reis-Faria, incoming Flora Growth CEO, said.
As the 0G token prepares to launch, market members shall be watching intently to see whether or not institutional backing and high-profile alternate listings translate into sustained adoption — or if volatility will take maintain within the early buying and selling days.
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