On May 30, South Korea's largest crypto exchange, Upbit, announced the launch of new trading pairs for four digital assets: FLOCK, FORT, LPT, and POKT. All four tokens showed significant price increases following this announcement.
Details of Upbit's New Listings
In an official announcement on May 30, Upbit disclosed the launch of trading pairs for FLOCK and FORT, supporting BTC and USDT markets. The pairs for FLOCK were scheduled to launch at 3 PM Korea time, and those for FORT at 4 PM. In a separate announcement, it was revealed that LPT with KRW and BTC support would launch at 5 PM, followed by POKT with POKT/KRW pair at 7 PM.
Price Movements: FLOCK, FORT, LPT, and POKT
Following Upbit's announcement, the prices of all four assets surged. FLOCK, which was trading at $0.08 with a market cap over $15 million, increased by nearly 28% and reached $0.13, boosting its market cap to over $24 million. FORT rose 1.6% to over $0.07, while LPT jumped 28% to $6.76, continuing to rise above $7.7. POKT, starting at around $0.01, surged by 280% to over $0.04.
Market and Trading Pairs of New Tokens
All four tokens attracted significant interest from traders. FLOCK and FORT support trading with BTC and USDT, while LPT and POKT are included in the KRW pair as well. This expansion of trading pairs highlights Upbit's goal of increasing asset variety and attracting new users.
The announcement of new tokens on Upbit indicates a growing interest in alternative cryptocurrencies in South Korea. The notable price changes emphasize potential opportunities in the cryptocurrency market.
