Cryptocurrency exchange Bithumb announced the listing of TURBO, MVL, and TOKAMAK, leading to a notable increase in their market prices.
Bithumb Announces Significant Listings
Today, South Korea's second-largest cryptocurrency exchange, Bithumb, announced the listing of three KRW pairs: Turbo (TURBO), MVL, and Tokamak Network (TOKAMAK). The trading for TURBO was initially set for 6:30 PM but was delayed to 8:00 PM, with MVL trading starting at 6:00 PM and TOKAMAK at 8:00 PM. The exchange also noted that traders engaging in two consecutive days of trading MVL and TOKAMAK would receive token bonuses.
Sharp Surge in MVL, TURBO, and TOKAMAK Prices
Following Bithumb's announcement, the price of MVL rose from $0.003 to over $0.006. As of writing, MVL is trading above $0.005, nearly 50% higher than in the previous 24 hours. TURBO saw a jump from $0.008 to over $0.01, currently trading at $0.009, reflecting a 2% increase on the day. TOKAMAK increased from $1.24, peaking above $2.65, and is now priced at $2.15, marking a 70% rise today.
Details and Market Impact
MVL, a cryptocurrency on Ethereum, has a market cap of about $142 million and recently announced a partnership with BNB Chain. TURBO is billed as the first AI-generated memecoin and has a market cap exceeding $634 million. Tokamak Network, an L2 protocol enhancing interoperability and functionality, now holds a market cap above $94 million.
The listing of TURBO, MVL, and TOKAMAK on Bithumb has sparked significant price movements, highlighting the considerable impact of exchange events on cryptocurrency assets.
