Korea’s largest cryptocurrency exchange has announced a list of four Altcoins on its spot trading platform by trading volumes.
Tokens include Flock.io (Flock), Forta (Fort), Pocket Network (POKT), and LivePeer (LPT). Following the announcement, all four tokens experienced a massive price surge, with Pocket Network leading the rally with triple digits increase.
upbit lists flock, fort, pokt, and lpt
According to the official Upbit notification, the tokens can be used to trade with Bitcoin (BTC), Tether (USDT), and Korean WON (KRW) pairs. The transaction will begin on May 30th at 3:00 KST on Flock. It will be available in the BTC and USDT markets via the base network.
This is followed by the Fort, trading against the BTC and USDT pair via the Ethereum Network starting at 16:00 KST. Later that day, LPT will begin trading in the KRW and USDT markets via Ethereum at 17:00 KST.
Finally, Upbit revealed that POKT will be listed in the KRW market through the Native Pocket Network Blockchain at 19:00 KST.
“Before depositing any digital assets, be sure to check your network. Deposits or withdrawals via networks other than those specified are not supported,” Upbit said.
Market data highlighted the immediate impact of the list. Pocket Network’s Pokt Token saw the most dramatic increase, surged by over 592% within minutes of the announcement.
The rise also increased its market capitalization from around $25 million to $97 million. That profit has since been cooled down, but Pokt maintained an impressive 397.9% at the time of writing.
Flock Token saw the second-largest rise, climbing to 49.3%, followed by a 41.5% increase in LivePeer’s LPT. Both saw slight pullbacks and settled down with an increase of 30.9% and 29.5%, respectively.
Finally, Fort initially rose 26.8%, but experienced the biggest crash of the four, losing most of its profits. At the time of pressing, it was only 2.3%.
This development follows a key market response pattern to exchange listings. Beincrypto reported last week that the lists of Mantra (OM) Access Protocol (ACS), Gochain (Go), Observer (Obsr), Quiztok (QTCon) and Rally (RLY) at Upbit last week led to similar sharp price surges.
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