Upbit is preparing one of the largest listings in recent times. On June 19, the exchange will add nine tokens, which will gradually appear in pairs with BTC and USDT.
The new assets include LDO, PAXG, MORPHO, KMNO, OSMO and AMP. Trading will open gradually over four hours, starting at 3:00 p.m. Korean time.
The listing will start with PEAQ and LIT. Later, the exchange will open trading for KMNO and MORPHO, then add GRAM, which recently rebranded after dropping the Toncoin name.
Toward the end of the program, LDO and PAXG will appear on the platform, and the last new assets to be listed will be OSMO and AMP.
Most tokens will be available in pairs with both bitcoin and USDT. The exception will be AMP, which will only be traded against the stablecoin.
Most assets will have trading pairs with both BTC and USDT. The exception will be AMP, which will only be available in a pair with the stablecoin.
Upbit also announced that the ability to deposit new assets will be available within three hours after the announcement is published.
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At the start of trading, the exchange will introduce temporary restrictions. In the first minutes after the market opens, it will not be possible to buy tokens. The system will also not allow sales at a price more than 10% below the previous close.
Another rule will apply in the first hours of the new markets. During this period, users will only be able to place limit orders.
Upbit also reminded users that deposits and withdrawals are only supported via specified networks. Transfers through unsupported blockchains may result in loss of funds or significantly delay their return.
Tokens Reacted Differently Amid a Weak Market
After the listing announcement, most tokens showed growth, but not all managed to hold onto it.
The strongest reaction was shown by PEAQ. At the time of publication, its price had risen by 21.9%, the best result among all nine new assets.
Kamino Finance (KMNO) also showed positive dynamics, gaining about 2.79%.
However, some tokens quickly lost their initial momentum. Despite the listing news, the overall weakness of the crypto market continues to limit the growth of many altcoins.
Intraday price dynamics of the nine tokens after the Upbit listing announcement. Source: TradingView.
However, not all assets experienced growth.
Osmosis (OSMO) gained 1.74%, and Lido DAO (LDO) rose by 1.07%. Tokens AMP and MORPHO showed more modest dynamics, rising by 0.76% and 0.65% respectively.
The remaining assets ended the day in the red. The worst result was shown by GRAM, which lost 2.75%. The LIT token fell by 1.68%.
The market’s mixed reaction comes amid overall pressure on the crypto sector in recent days. Bitcoin and most digital assets are under pressure due to ongoing macroeconomic uncertainty, which is reducing investor interest in risk assets.
