Key Points
- Following Upbit’s announcement, KERNEL’s price spiked.
- Upbit will also list SOON, and Binance will launch the SOONUSDT Perpetual Contract.
On May 23, Upbit announced the listing of two projects, KernelDAO (KERNEL) and Soon (SOON).
KernelDAO is a restaking protocol that powers Kernel, Kelp, and Gain and allows users to earn rewards via restaking BTC, ETH, and BNB on the largest shared security infrastructure, Kernel.
Soon is a rollup stack and the project is dedicated to addressing liquduity fragmentation and interoperability issues within the ecosystem via the development of the Super Adoption Stack (SAS).
Binance also announced the launch of SOON futures.
Upbit’s KERNEL Listing Announcement
On May 23, Upbit revealed the listing of KERNEL, supporting the BTC and USDT trading pairs.
Trading was scheduled to begin at 15:00, South Korean time.
The crypto exchange’s announcement triggered a price surge for KERNEL.
KERNEL Price Spiked
Ahead of Upbit’s announcement, KERNEL was trading at approximately $0.17 with a market cap of over $28 million, and the digital asset’s price spiked by almost 27% after the exchange announced its listing on the platform.
KERNEL reached a top above $0.22, hitting a market cap of over $37 million, before settling at current levels.
At the moment of writing this article, KERNEL is trading above $0.2, and has a market cap of over $33 million.
In April, Binance also listed KERNEL after adding the project to Megadrop.
» TRADE KERNEL ON BINANCE «
Besides KERNEL, Upbit also announced the listing of SOON, and Binance revealed the upcoming launch of SOON futures.
SOON Listing Details – Upbit and Binance
In an official announcement, Upbit revealed that it would launch SOON, supporting the BTC and USDT markets, but the exchange has not yet provided an exact launch time.
Binance also announced the listing of SOONUSDT Perpetual Contract with up to 50x leverage on May 23 at 08:30 (UTC).
OKX will also launch SOON futures today.
