Token

2024

Bounce Token

April

<ul class="list-ic vertical"> 
 <li> 1 <a>Upbit, South Korea’s prominent cryptocurrency exchange announced the listing of the new trading pair Bounce.&nbsp;</a> </li> 
 <li> 2 <a>The launch will permit users to trade Bounce Token against Korean Won (KRW).</a> </li> 
 <li> 3 <a>AUCTION price spiked over 43.92% in a day, after the launch news.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</a> </li> 
</ul> 
On May 29, Upbit introduced a new trading pair with Bounce Token (AUCTION) which is supposed to attract new investors. Trading with the particular pair will begin at 18:50 local time in South Korea and spiked the AUCTION price to 43.92% in a day.&nbsp;&nbsp; 
<h2 class="wp-block-heading" id="strong-korean-trading-pair-bounce-auction-launched-strong">Korean Trading Pair Bounce (AUCTION) Launched</h2> 
Upbit is one of the most relied cryptocurrency exchanges in South Korea, holding a trust score of 9/10, as per Coingecko data. The exchange added a new trading pair with AUCTION against KRW.&nbsp; &nbsp; 
Wu Blockchain shared the new trading pair launch news over X, along with sharing AUCTION price details.&nbsp;&nbsp; 
<center>
 <blockquote class="twitter-tweet">
 Upbit, South Korea's largest cryptocurrency exchange, will launch the Korean trading pair of Bounce (AUCTION), which will start trading at 18:50 local time. After Upbit released the announcement, its price rose from US$18 to US$28 in a short period of time, an increase of more…— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1795749096315289742?ref_src=twsrc%5Etfw">May 29, 2024</a>
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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The trading pair will be available over the <a href="https://www.thecoinrepublic.com/2024/05/28/ethereum-pumped-up-40-this-month-fueled-by-spot-etf-approval/" target="_blank" rel="noreferrer noopener">Ethereum</a> (ETH) network and deposits and withdrawals will be supported on the respected network. Moreover, individuals can make deposits and withdrawals through a personal wallet address which requires an ownership verification.&nbsp;&nbsp; 
<h3 class="wp-block-heading" id="strong-action-s-react-on-auction-price-strong">Action’s React on AUCTION Price</h3> 
The announcement of the listing of the new trading pair Bounce Token generated waves in the AUCTION price.&nbsp; 
At the time of writing, AUCTION was trading at $24.95, after a spike of 43.92% intraday with a market cap of $162,317,892 and $222,740,668 in 24-hour volume. After the announcement, the token’s price suddenly jumped from $18.04 to $30.22 within half an hour.&nbsp;&nbsp; 
<div class="wp-block-image"> 
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 <img loading="lazy" decoding="async" width="1024" height="620" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-381-1024x620.png" alt="Upbit" class="wp-image-207328" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-381-1024x620.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-381-300x182.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-381-768x465.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-381-750x454.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-381.png 1032w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div> 
AUCTION Price I Source: CoinMarketCap &nbsp; &nbsp; &nbsp; 
Uncovering the past month’s performance, the token was hovering in a consolidation state and began making waves somewhere in May. AUCTION token surged from $16.11 on April 30 to $24.95 on May 29, indicating a 52.50 spike in a month.&nbsp;&nbsp; 
<h3 class="wp-block-heading" id="strong-other-coins-listing-on-upbit-trading-volume-crash-strong">Other Coins Listing on Upbit &amp; Trading Volume Crash</h3> 
Just like AUCTION, other tokens also recorded a sudden surge in price when listed on the Upbit exchange. Oasys (OAS) token was listed on the respective exchange on May 23 and showcased an outstanding performance.&nbsp;&nbsp;&nbsp; 
The token jumped from $0.06205 to $0.0981 in a single day and underwent a drop afterward. At the press time, OAS was trading at $0.06203, after a drop of 0.14% in a day. Moreover, in April beginning, Upbit’s trading volume crashed by 75% from the year’s high amid a fizzle in altcoin trading. 
At the time of writing, Upbit’s 24-hour trading volume was recorded at $1,565,460,280, after an intra-day drop of 1.0%, according to CoinGecko. The exchange currently supports 198 coins and 322 trading pairs.

Upbit Launches Korean Trading Pair of Bounce; AUCTION Price Spiked

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