Key Points
- On June 16, Upbit will list ALT/KRW, ALT/USDT, HAEDAL/BTC, and HAEDAL/USDT.
- Both digital assets recorded price spikes following the exchange's announcement.
On June 16, the biggest crypto exchange in South Korea, Upbit, announced the listing of new trading pairs for two digital assets:
- Altlayer (ALT) - An open and decentralized protocol for rollups that offers them boosted security, decentralization, and crypto-economic fast finality by leveraging a restaking mechanism
- Haedal Protocol (HAEDAL) - A liquid staking protocol built on Sui that offers users a robust liquid staking infrastructure
Upbit's Listing Details for ALT and HAEDAL
Upbit announced that it would list ALT on June 16 and open trading for the following trading pairs at 19:00 KST:
- ALT/USDT
- ALT/KRW
In a separate announcement, the crypto exchange also revealed that it would list HAEDAL/BTC and HAEDAL/USDT trading pairs on the same day.
Following the crypto exchange's listing notes, the two digital assets recorded price spikes.
ALT and HAEDAL Prices Surged
Here are the two coins' price trajectories on June 16:
ALT Price Action
ALT was trading at $0.025 with a market cap of over $90 million, ahead of Upbit's listing announcement, and after the exchange revealed its plans, the digital asset's price spiked to over $0.0489, hitting a market cap of over $172 million.
The coin saw a price spike of over 97% in a short amount of time.
ALT is up by almost 98% in the past 24 hours.
HAEDAL Price Action
Before Upbit announced the listing of new trading pairs for HAEDAL, the digital asset was trading at $0.1 with a market cap of more than $21 million.
After the exchange revealed its listing plans for HAEDAL on June 16, the digital asset's price spiked by 15%, reaching over $0.12 and a market cap of more than $25 million, before settling at current levels.
At the moment of writing this article, HAEDAL is trading above $0.11 with a market cap of more than $24 million, and the coin is up by almost 19% in the past 24 hours.
