Upbit Listings Spark Sharp Gains for Onyxcoin and Perle Tokens

Onyxcoin and Perle's token prices surged on Monday after Upbit announced it would support trading for both tokens across multiple markets. Onyxcoin will be available in KRW and USDT pairs, while Perle will be listed across KRW, BTC, and USDT markets.

The listing announcements led to sharp gains for the two tokens. Onyxcoin's price rose 36.2% in the last 24 hours to around $0.006 after the listing, paring gains from a three-month high of $0.008. At peak, gains extended beyond 64% after the announcement.

Perle's price rallied more than 50% to $0.34 in the last 24 hours, paring gains from an intra-day high of $0.37. Both tokens outperformed Bitcoin, which fell 1.7% in the last 24 hours to around $76,700.

The Upbit listing is a common catalyst for smaller-cap tokens due to increased visibility and liquidity. Listings on major Korean exchanges often drive sharp gains for these tokens, given the region's active retail trading base and deep liquidity in local currency pairs.