Crypto
Upbit Listings Send Four Tokens Soaring Amid Trading Frenzy
South Korea's largest cryptocurrency exchange Upbit announced four new altcoin listings today. The tokens set to be listed are Biconomy (BICO), Bubblemaps (BMT), Nillion (NIL), and ETHGas (GWEI).
The exchange will open trading for the four tokens at 1 p.m. Korea Standard Time (KST). As a result, all four tokens moved higher after the notice.
ETHGas led the market reaction with an 11.75% gain against the dollar on Kraken following the announcement. BMT gained 7.48%, while BICO climbed 7.35% on their respective Binance Tether (USDT) pairs over the same period.
NIL posted the smallest gain among the four tokens, up 5.11% at press time. Trading activity also increased alongside prices, with GWEI leading again in terms of trading volume.