South Korean Exchanges List New Altcoins Sparking 100% Price Surge

South Korea's leading cryptocurrency exchanges, Upbit and Bithumb, initiated the day with the listing of new altcoins, leading to a notable surge in their prices. Upbit announced the addition of Raydium (RAY) to its platform, while Bithumb revealed plans to list Forta (FORT) and Huma Finance (HUMA).

Upbit's listing of RAY includes KRW and USDT trading pairs, whereas Bithumb's listings for FORT and HUMA are exclusively on the KRW trading pair. The deposits for HUMA and FORT are scheduled to commence on June 19, 2025, with HUMA deposits starting at 15:00 and FORT deposits at 17:00. Both altcoins will be supported on the Solana network, with FORT also available on the Ethereum network.

The announcements triggered significant price increases for HUMA, FORT, and RAY. This price surge can be attributed to the heightened demand for altcoins in the South Korean market, where cryptocurrency trading is highly popular and regulated. The listing of new altcoins on reputable exchanges often enhances liquidity and accessibility, acting as a catalyst for price appreciation.

Upbit's decision to list Raydium aligns with its strategy to expand its altcoin offerings. Raydium's innovative decentralized exchange (DEX) platform provides efficient trading solutions and liquidity, attracting a broader range of investors and boosting its market presence. Similarly, Bithumb's continuous addition of new altcoins reflects its commitment to staying competitive and catering to the diverse needs of its user base.

The sharp rise in prices following the listing of these altcoins underscores the growing interest in alternative cryptocurrencies. As the market matures, investors are increasingly seeking out altcoins that offer unique features and potential for growth. The listing of new altcoins on major exchanges provides a platform for these cryptocurrencies to gain traction and attract a wider audience, driving increased trading activity and liquidity.

In summary, the listing of three new altcoins on South Korean exchanges has resulted in a significant price increase, highlighting the market's appetite for alternative cryptocurrencies. The strategic moves by Upbit and Bithumb to expand their altcoin offerings are expected to further fuel this trend, driving increased interest and investment in the cryptocurrency market.