Upbit Listings Send Biconomy, Bubblemaps, Nillion, and ETHGas Prices Soaring

South Korea's largest cryptocurrency exchange, Upbit, announced four new altcoin listings today. The exchange will begin trading for Biconomy (BICO), Bubblemaps (BMT), Nillion (NIL), and ETHGas (GWEI) at 1 p.m. Korea Standard Time (KST).

All four tokens saw a significant price increase following the announcement, with GWEI leading the pack at an 11.75% gain against the dollar on Kraken. BMT gained 7.48%, while BICO climbed 7.35% on their respective Binance Tether (USDT) pairs.

NIL posted the smallest gain among the four tokens, up 5.11%. Trading activity also increased, with GWEI's trading volume jumping 197.70% to $11.1 million over 24 hours.

Upbit has applied its standard opening restrictions for the new listings. Deposits and withdrawals will open within two hours of the notice being published, and buy orders will be restricted for approximately five minutes after trading begins. Sell orders priced 10% or more below the previous day's closing price will also be restricted during that period.