Upbit Listings Send ETHGas and Three Other Tokens Sharply Higher

South Korea's largest cryptocurrency exchange, Upbit, has announced the listing of four new altcoins on its platform. Biconomy (BICO), Bubblemaps (BMT), Nillion (NIL), and ETHGas (GWEI) will be available for trading against Bitcoin (BTC) and USDT starting August 21 at 1 p.m. KST.

The listing announcement sent shockwaves through the market, with GWEI leading the pack with a 11.75% gain on Kraken. BMT followed closely behind with a 7.48% increase, while BICO and NIL rose by 7.35% and 5.11%, respectively.

The trading volume for ETHGas skyrocketed to $11.1 million, a 197.70% jump from the previous day. The other three tokens also saw significant increases in trading activity, with BICO at $34.5 million (up 46.7%), BMT at $12 million (up 25.7%), and NIL at $14.6 million (up 21.4%).

Upbit has implemented its standard listing restrictions, which include restricting buy orders for approximately five minutes after trading begins. Only limit orders will be available during this period.