South Korea’s main cryptocurrency trade, Upbit, has introduced the itemizing of Raydium (RAY). The buying and selling will start at 12:00 PM Korean Commonplace Time (KST).
As well as, Bithumb will checklist Huma Finance (HUMA) and Forta (FORT) right now at 3:00 PM and 5:00 PM KST, respectively. These listings sparked double-digit rallies for all three tokens.
Upbit Publicizes Raydium (RAY) Itemizing
Raydium is a decentralized trade (DEX) and automatic market maker (AMM) constructed on the Solana (SOL) blockchain. Its native token, RAY, has struggled not too long ago, posting a 27.3% decline over the previous 30 days.
This decline additionally halved its market worth from over $1 billion to round $500 million. Nevertheless, Upbit’s choice to assist RAY buying and selling has infused some optimism into the market.
“Raydium (RAY) KRW, USDT Market Help. Supported Market: KRW, USDT Market. Buying and selling opens at: 2025-06-19 12:00 KST estimated,” Upbit posted.
This announcement led to a 34.3% surge within the worth of the RAY token in the course of the early hours of Asian buying and selling. BeInCrypto knowledge confirmed that the value rose from round $2.07 to $2.78 inside minutes. Furthermore, the market capitalization additionally elevated to over $655 million.
A modest correction adopted, however RAY nonetheless managed to retain some positive aspects. On the time of writing, RAY’s buying and selling worth stood at $2.32, up 11.3%. The market cap was additionally adjusted to round $637 million.
This uptick aligns with historic patterns noticed with Upbit listings. Earlier this week, AltLayer (ALT) and Haedal Protocol (HAEDAL) noticed comparable surges. Moreover, final month, 4 altcoins gained on the again of Upbit’s assist.
Bithumb Itemizing Boosts HUMA and FORT
Moreover Upbit, Bithumb additionally revealed two new token listings right now. HUMA and FORT will probably be added to the trade’s KRW market, and buying and selling will begin later right now.
HUMA noticed a notable improve in worth, rising by 12.0% earlier than pulling again to $0.037. Regardless of the retracement, this temporary spike highlighted market curiosity within the token post-listing.
In the meantime, FORT demonstrated a powerful upward motion, climbing by 52.2% and reaching $0.10 on the time of writing. The continued appreciation for FORT mirrored sturdy market sentiment and rising demand. In actual fact, the token has even develop into the highest day by day gainer on CoinGecko.
The enlargement of choices by each exchanges aligns with the rising momentum in South Korea’s cryptocurrency market. In keeping with Kaiko Analysis, in 2025, KRW-denominated crypto buying and selling reached $663 billion.
This positions South Korea because the second-largest crypto market globally, behind solely the US. Furthermore, practically one in three adults within the nation owns cryptocurrency, twice the adoption charge within the US.
“Nevertheless, persistent boundaries—like fragmented markets, low stablecoin adoption, and the enduring ‘kimchi premium’—proceed to problem institutional progress and product innovation in Korea’s crypto sector,” Kaiko added.
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