Upbit and Bithumb Announce New Altcoin Listings

South Korea's largest crypto exchange, Upbit, has announced the listing of ZORA, sparking a 17% price jump. Bithumb also revealed it will add trading support for three altcoins on its spot trading platform. ZORA's ecosystem is expanding, with creator coins and the Believe Fund initiative to support emerging talent. The fund will allocate 20 million ZORA tokens to back creators and deepen liquidity for creator coins within Zora's growing economy.

South Korea's largest crypto exchange, Upbit, has announced the listing of ZORA, sparking a significant price jump. ZORA's price surged by approximately 17% following the listing announcement, reaching around $0.11 from its previous value of $0.094, according to a BeInCrypto report https://beincrypto.com/zora-upbit-listing-bithumb-adds-3-altcoins/.

The listing, which began at 13:30 Korean Standard Time (KST), has reignited interest in the creator-focused platform. Upbit implemented temporary restrictions to stabilize early trading activity, limiting buy orders and low-priced sell orders for the first five minutes and allowing only limit orders for the first two hours, the report said.

In parallel, Bithumb revealed plans to add trading support for three altcoins on its spot trading platform: Infinit (IN), Doodles (DOOD), and YieldBasis (YB). Trading for IN and DOOD opened on October 17 at 4:00 PM (KST), while YB debuted an hour later at 5:00 PM. Deposits and withdrawals for all three tokens became available within three hours of the announcement, producing modest gains for each altcoin.

ZORA's ecosystem is also expanding, with the introduction of creator coins on the Base network to give creators direct ownership of their work and allow fans to share in their success. Additionally, the Zora network unveiled the Believe Fund, an initiative to support emerging talent through blockchain-based funding. The fund will allocate 20 million ZORA tokens to back the next generation of creators, helping them build sustainable value in the decentralized ecosystem.

While optimism remains high, the upcoming token unlock could challenge ZORA's current upward momentum. On October 30, the network will release 166.67 million ZORA tokens, about 1.67% of the total supply, which may drive short-term volatility.