Key Points
- Upbit will list HYPER and RED, supporting the BTC and USDT markets.
- The exchange will also list SOPH, supporting the KRW, BTC, and USDT markets.
- HYPER and RED prices spiked following the announcement.
Today, May 27, the biggest crypto exchange in South Korea, Upbit, announced the upcoming listing of three projects:
- Hyperlane (HYPER) – An interoperability layer designed to connect the modular blockchain ecosystem, enabling seamless communication across various blockchains
- RedStone (RED) – A fast-growing oracle specialized in yield-bearing collateral for lending markets
- Sophon (SOPH) – A consumer-focused blockchain project built on the ZK Stack, adopting zkSync’s Elastic Chain architecture.
Upbit’s HYPER, RED, and SOPH Listing Details
In its official announcement, Upbit revealed that it would list RED and HYPER on May 27 at 19:00 South Korean time.
The crypto exchange will launch trading for the two digital assets, supporting the BTC and USDT markets.
In a separate announcement, Upbit revealed that it would list SOPH, supporting the KRW, BTC, and USDT markets, but the exact listing details still have to be announced. SOPH will launch on May 28 on multiple crypto exchanges, including Binance, Bitget, KuCoin, OKX, and others.
HYPER and RED experienced significant price surges following the listing announcement.
HYPER and RED Prices Surged
Here are the digital assets’ price trajectories on May 27:
HYPER Price Action
HYPER was trading at approximately $0.16 with a market cap of over $28 million ahead of Upbit’s announcement, and the digital asset’s price spiked above $0.18, topping $32 million in market cap after the exchange revealed the upcoming listing.
The price of HYPER has cooled down, and at the moment of writing this article, HYPER is trading above $0.17 and has a market cap of over $30 million.
HYPER experienced a price surge of over 4% in a short amount of time, and it’s up by 8% in the past 24 hours.
RED Price Action
RED was trading close to $0.42 with a market cap of over $117 million ahead of Upbit‘s announcement, and its price spiked to over $0.45, reaching a market cap above $127 million after the listing notes.
RED is now trading above $0.43 and has a market cap of over $122 million. RED is up by over 2% in the past 24 hours.
