In 2025, the influence of Upbit on token prices is significantly declining despite short-term spikes following new listings. Traders increasingly adopt a 'sell the news' strategy, leading to quick sell-offs.
Influence of Upbit on the Crypto Market
Since its launch in 2017, Upbit has significantly influenced the Korean crypto market by listing new assets, which typically generate price and trading volume increases. However, recent trends indicate these effects are quickly fading.
Short-term Effects and Quick Price Declines
Despite recent listings, such as FLOCK, showing immediate price spikes of up to 219%, these increases are quickly neutralized. Reports indicate that in just 11 days of September, the platform listed seven products, leading to a trend of declining prices.
Market Prospects and New Trader Behavior
The broader implications for layer 1, AI, and meme tokens are evident. Larger market players like ETH and BTC remain largely unaffected, indicating a mature market behavior as traders prefer the 'sell the news' approach.
As the crypto market continues to evolve, Upbit's influence on token prices is expected to diminish. The increasing frequency of new listings has diluted novelty and long-term effects, reflecting a changing Korean crypto landscape.
