Today, Upbit, the largest crypto exchange in South Korea, announced the listing of two new projects: Jito (JTO) and Arkham's ARKM token. This announcement led to significant price increases for both assets.
JTO and ARKM: New Listings on Upbit
Upbit listed trading pairs JTO/KRW, ARKM/BTC, and ARKM/USDT. After the announcement, both coins recorded noticeable price spikes.
JTO Price Trajectory
Prior to the Upbit listing announcement, JTO was trading around $2.7, spiking to almost $3.5 afterwards. The coin's market cap surged from approximately $814 million to over $1.03 billion, seeing an increase of over 15%. Currently, JTO is trading at $2.99, with a market cap above $886 million, up 14% for the day.
ARKM Price Trajectory
Prior to the Upbit listing announcement, ARKM was priced around $0.66, spiking above $0.74 afterwards. Its market cap surged from $149 million to over $168 million, seeing an increase of over 9%. Currently, ARKM is trading above $0.72, with a 12% rise today, and a market cap above $162 million.
Whenever Upbit announces new coin listings, it triggers significant price surges for digital assets, as seen with JTO and ARKM.
