South Korea’s main cryptocurrency change, Upbit, has introduced the itemizing of Raydium (RAY). The buying and selling will start at 12:00 PM Korean Commonplace Time (KST).
As well as, Bithumb will record Huma Finance (HUMA) and Forta (FORT) at this time at 3:00 PM and 5:00 PM KST, respectively. These listings sparked double-digit rallies for all three tokens.
Upbit Publicizes Raydium (RAY) Itemizing
Raydium is a decentralized exchange (DEX) and automatic market maker (AMM) constructed on the Solana (SOL) blockchain. Its native token, RAY, has struggled just lately, posting a 27.3% decline over the previous 30 days.
This decline also halved its market value from over $1 billion to round $500 million. Nonetheless, Upbit’s choice to assist RAY buying and selling has infused some optimism into the market.
“Raydium (RAY) KRW, USDT Market Assist. Supported Market: KRW, USDT Market. Buying and selling opens at: 2025-06-19 12:00 KST estimated,” Upbit posted.
This announcement led to a 34.3% surge within the worth of the RAY token through the early hours of Asian buying and selling. BeInCrypto data confirmed that the value rose from round $2.07 to $2.78 inside minutes. Furthermore, the market capitalization additionally elevated to over $655 million.
A modest correction adopted, however RAY nonetheless managed to retain some positive factors. On the time of writing, RAY’s buying and selling worth stood at $2.32, up 11.3%. The market cap was additionally adjusted to round $637 million.
This uptick aligns with historic patterns noticed with Upbit listings. Earlier this week, AltLayer (ALT) and Haedal Protocol (HAEDAL) noticed comparable surges. Moreover, final month, 4 altcoins gained on the back of Upbit’s support.
Bithumb Itemizing Boosts HUMA and FORT
Moreover Upbit, Bithumb additionally revealed two new token listings at this time. HUMA and FORT can be added to the change’s KRW market, and buying and selling will begin later at this time.
HUMA saw a notable increase in price, rising by 12.0% earlier than pulling again to $0.037. Regardless of the retracement, this temporary spike highlighted market curiosity within the token post-listing.
In the meantime, FORT demonstrated a formidable upward motion, climbing by 52.2% and reaching $0.10 on the time of writing. The continued appreciation for FORT mirrored robust market sentiment and rising demand. Actually, the token has even grow to be the highest every day gainer on CoinGecko.
The growth of choices by each exchanges aligns with the growing momentum in South Korea’s cryptocurrency market. In accordance with Kaiko Analysis, in 2025, KRW-denominated crypto buying and selling reached $663 billion.
This positions South Korea because the second-largest crypto market globally, behind solely the US. Furthermore, almost one in three adults within the country owns cryptocurrency, twice the adoption fee within the US.
“Nonetheless, persistent limitations—like fragmented markets, low stablecoin adoption, and the enduring ‘kimchi premium’—proceed to problem institutional development and product innovation in Korea’s crypto sector,” Kaiko added.
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