Raydium and Ponke skilled important value jumps as they have been added to Bithumb, one of many largest South Korean crypto exchanges. Raydium, a Solana-based automated market maker (AMM) protocol and liquidity supplier, noticed its value rise by 10% following the itemizing. Ponke a meme coin on the Solana community, surged 20% in worth.
The addition of those tokens to the South Korean buying and selling platform displays the crypto trade’s give attention to increasing buying and selling choices for its customers. The itemizing sparked fast pleasure, with each belongings gaining heightened curiosity from merchants.
Bithumb Provides Raydium and Ponke in KRW Pairs
Bithumb has formally added Raydium (RAY) and Ponke (PONKE) to its KRW pairs, in accordance with a November 19 announcement. Following the Bithumb listing, The tokens skilled witnessed large curiosity from merchants, highlighting fast market pleasure.
The buying and selling help for RAY and PONKE on the Solana community permits customers to deposit and withdraw inside three hours of the announcement. Full buying and selling for each tokens will start at 5:00 PM KST on Tuesday, giving customers entry to the brand new pairs as buying and selling formally begins.
To make sure safe buying and selling, Bithumb has set particular transaction restrictions. For the primary 5 minutes, shopping for orders are paused, and promoting orders are restricted inside -10% to +100% of the bottom value. Computerized orders will activate following the preliminary transaction, establishing a managed entry for these tokens within the KRW market.
Worth Surge and Market Context for RAY and PONKE
Raydium value is presently buying and selling at $5.90, marking a ten% enhance following its itemizing on Bithumb. Previously 24 hours, RAY’s value ranged from a low of $5.519 to a excessive of $6.144. Buying and selling quantity reached $173 million, with a market cap of $1.73 billion, exhibiting elevated curiosity on this Solana-based AMM protocol.
Ponke additionally listed on Bithumb, noticed a 20% value leap and is now buying and selling at $0.80. The token’s 24-hour vary was between $0.68 and $0.84, whereas its buying and selling quantity hit $115 million. With a market cap of $456 million, demand for this Solana-based meme coin is rising.
Listings on main exchanges usually increase crypto costs by growing entry and publicity. BAN price surged 80% after its itemizing on Binance Futures. Such listings spotlight the numerous affect of trade help on crypto belongings.
Coingape Workers
CoinGape contains an skilled crew of native content material writers and editors working around the clock to cowl information globally and current information as a reality somewhat than an opinion. CoinGape writers and reporters contributed to this text.
Disclaimer: The offered content material might embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.
✓ Share: