Altcoin

TL;DR<ul><li>HYPER neared its ATH after backing from South Korea’s top crypto exchanges.</li><li>Upbit’s listing history shows a pattern of triggering explosive rallies, with coins like MOODENG, RVN, and TRUMP all experiencing major price spikes shortly after being added to the platform.</li></ul><h2 id="span-a-rel-noopener-noreferrer-nofollow-a-span"><a rel="noopener noreferrer nofollow"></a></h2><h2 id="the-top-performer">The Top Performer</h2>Triple-digit price gains within 24 hours are nothing unusual in the world of crypto. The lesser-known altcoin Hyperlane (HYPER) proved that narrative, skyrocketing roughly 170% within that timeframe to almost match its all-time high of $0.35. Its market capitalization, which stood at around $20 million yesterday (July 9), has surged past $55 million. <figure id="attachment_403578" class="wp-caption aligncenter"><a rel="noopener noreferrer nofollow"><img class="wp-image-403578" alt="HYPER Price" width="517" height="400"></a><figcaption id="caption-attachment-403578" class="wp-caption-text"> HYPER Price, Source: CoinGecko </figcaption></figure>The main reason propelling the impressive rally is the support coming from South Korea’s leading cryptocurrency exchange, Upbit, which <a class="editor-rtfLink" href="https://upbit.com/service_center/notice?id=5305" rel="noopener noreferrer nofollow">listed</a> the HYPER/KRW trading pair. Such a development enhances the token’s liquidity and accessibility while also providing a significant reputational boost.&nbsp;However, some industry participants (like the X user Tux) <a class="editor-rtfLink" href="https://x.com/megastuffs/status/1943250566039376026" rel="noopener noreferrer nofollow">claimed</a> some projects use these listings “to dump their tokens on the head of Koreans.”&nbsp;<blockquote class="twitter-tweet">Sometimes i feel bad of koreans trading on <a href="https://twitter.com/search?q=%24upbit&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$upbit</a>.Projects just use upbit listing to dump their tokens on the head of koreans.Recent example is <a href="https://twitter.com/search?q=%24hyper&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$hyper</a><a href="https://t.co/lMYeWJ0ncs" rel="noopener noreferrer nofollow">pic.twitter.com/lMYeWJ0ncs</a>— Tux (@megastuffs) <a href="https://twitter.com/megastuffs/status/1943250566039376026?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 10, 2025</a></blockquote>Others remain optimistic that HYPER’s bull run is nowhere near its end. X user Crypto GVR recently <a class="editor-rtfLink" href="https://x.com/GVRCALLS/status/1942833812834054616" rel="noopener noreferrer nofollow">suggested</a> the price could soar to a new peak of $0.50 in the next three to six months.&nbsp;Meanwhile, Bithumb (South Korea’s second-biggest crypto exchange) also <a class="editor-rtfLink" href="https://x.com/BithumbOfficial/status/1943134285952614467" rel="noopener noreferrer nofollow">embraced</a> the asset, introducing the same trading pair as its rival.&nbsp;<h2 id="span-upbit-s-impact-span-span-in-span-span-the-past-span">Upbit’s Impact in the Past</h2>Earlier this month, the hippo-themed meme coin Moo Deng (MOODENG) pumped by over 40% daily after the exchange <a class="editor-rtfLink" href="https://cryptopotato.com/meme-coin-cryptos-on-the-run-again-bonk-and-wif-lead-the-charge/" rel="noopener noreferrer nofollow">listed</a> the MOODENG/USDT, MOODENG/KRW, and MOODENG/BTC pairs.&nbsp;In June, Ravencoin (RVN) briefly made the headlines after <a class="editor-rtfLink" href="https://cryptopotato.com/this-cryptocurrency-exploded-by-75-following-support-from-upbit/" rel="noopener noreferrer nofollow">jumping</a> by 75% in a single day. Once again, the factor fueling the rally was the backing from Upbit.&nbsp;The company has also <a class="editor-rtfLink" href="https://cryptopotato.com/trump-popcat-and-pengu-skyrocket-after-securing-major-exchange-listings/" rel="noopener noreferrer nofollow">contributed to</a> a price spike for TRUMP, the meme coin associated with the American president. This happened in February when it enabled user access to the TRUMP/KRW, TRUMP/BTC, and TRUMP/USDT pairs.&nbsp;The post <a href="https://cryptopotato.com/this-altcoin-explodes-by-170-following-support-from-upbit-and-bithumb-details/" rel="noopener noreferrer nofollow">This Altcoin Explodes by 170% Following Support From Upbit and Bithumb: Details</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

This Altcoin Explodes by 170% Following Support From Upbit and Bithumb: Details

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