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GLMR, the native crypto of the Moonbeam protocol, surged over 50% after news broke of its upcoming listing on the South Korean crypto exchange, Upbit. 
Moonbeam’s native token, GLMR, is experiencing a significant surge, rising by over 50% in the last 24 hours. 
The surge comes on the heels of a Sep. 25 <a href="https://upbit.com/service_center/notice?id=3748" target="_blank" rel="noopener">announcement </a>by Upbit, a South Korean exchange, that will list GLMR on its exchange, with a GLMR/BTC trading pair set to go live later today. 
The GLMR listing has sent a wave of excitement through the market, highlighting the move’s potential impact. 
Moonbeam operates within the Polkadot (<a href="https://crypto.news/price/polkadot/">DOT</a>) ecosystem and aims to offer a user-friendly smart contract platform. GLMR serves multiple functions within the Moonbeam Network, including facilitating transaction fees and staking. 
 You might also like: <a href="https://crypto.news/crypto-accounts-for-70-of-south-koreas-overseas-assets/"> Crypto accounts for 70% of South Korea’s overseas assets </a> 
Before the Upbit announcement, GLMR had been languishing under the $0.2 threshold for quite some time. Yet, the token has experienced a 35.11% increase in the last 24 hours, reaching a new peak at $0.2284. At the same time, its market capitalization has swelled by 50.82% to over $190 million. 
Trading volume for the token has also seen a dramatic rise, surging by an astounding 2950% to reach over $91 million, as per data from CoinMarketCap. 
<figure class="wp-block-image size-full is-resized">
 <img decoding="async" loading="lazy" src="https://crypto.news/app/uploads/2023/09/GLMR_1D_graph_coinmarketcap.png" alt="Moonbeam (GLMR) token up 50% following listing on Upbit - 10" class="wp-image-14198084" style="width: 100%;height:701px" width="1020" height="701">
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 GLMR 24-hour price chart | Source: <a href="https://coinmarketcap.com/currencies/moonbeam/" target="_blank" rel="noopener">CoinMarketCap</a>.
 </figcaption>
</figure> 
 Read more: <a href="https://crypto.news/upbit-falls-victim-to-fraudulent-deposit-incident/"> Upbit falls victim to fraudulent deposit incident </a>

Moonbeam (GLMR) token up 50% following listing on Upbit

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