Key Points
- Upbit listed JTO/KRW, ARKM/BTC, and ARKM/USDT trading pairs.
- JTO's price spiked by 15% and ARKM surged by over 9% immediately following the announcement.
Earlier today, the biggest crypto exchange in South Korea, Upbit, announced the listing of trading pairs for two projects: Jito (JTO) and Arkham's ARKM token.
Upbit listed the following trading pairs:
- JTO/KRW
- ARKM/BTC
- ARKM/USDT
Both coins recorded price spikes following the announcement.
JTO and ARKM Prices Surge
JTO Price Trajectory
JTO was trading at around $2.7 ahead of Upbit's listing announcement, and it spiked to almost $3.5 afterward.
The coin's market cap recorded a surge from around $814 million to over $1.03 billion, seeing a spike of over 15% in a relatively short amount of time.
Since then, the price of JTO cooled off and now the coin is trading at $2.99, with a market cap above $886 million. The coin is up by 14% for the day.
Previously, Upbit listed JTO/BTC and JTO/USDT trading pairs triggering a price spike for JTO.
Jito Network is a major contributor to the Solana ecosystem via its JitoSOL liquid staking pool, and its collection of MEV products. The Jito Foundation was reportedly created to:
- Minimize the negative impacts of MEV
- Equitably distribute profits
- Increase transparency
ARKM Price Trajectory
Ahead of Upbit's listing announcement, ARKM was trading at around $0.66, and its price spiked above $0.74 immediately after. Its market cap surged from $149 million to over $168 million in a short amount of time, seeing an increase of over 9%.
At the moment of writing this article, ARKM is trading above $0.72, and the coin is up by 12% today, having a market cap above $162 million.
ARKM is the digital asset of the crypto intelligence and data platform Arkham.
Whenever Upbit announces new coin listings, the crypto exchange's move triggers significant price surges for the digital assets.
