PolySwarm Token Price Surges 200% Before Upbit Listing
The PolySwarm token (NCT) saw its price surge by over 200% in 24 hours before being listed on South Korea's largest cryptocurrency exchange, Upbit.
Upbit announced on August 26 that it would add NCT to its Korean won market and open trading at 9:00 p.m. KST, but with temporary restrictions to prevent rapid price changes and thin liquidity.
The initial trading controls will block buy orders for about five minutes after trading begins and limit sell orders priced more than 10% below the reference price.
As part of its listing promotion, Upbit will waive standard NCT/KRW trading fees for the first 24 hours after launch.