10.06.2025 06:46

Upbit, South Korea's leading cryptocurrency exchange, significantly boosted the price of Axelar (AXL) and Balance (EPT) tokens after announcing their listing on June 10th. The immediate impact was dramatic, with both experiencing substantial price increases and trading volume surges.

Axelar (AXL), listed at 07:00 UTC, saw a remarkable 65% price jump within 24 hours, reaching $0.53. This impressive rally propelled its market capitalization above $500 million, securing its position as a prominent digital asset. Furthermore, its 24-hour trading volume skyrocketed by almost 900%, exceeding $88 million. Trading pairs included both USDT and the South Korean Won.

Balance (EPT), listed at 09:00 UTC, also benefited significantly from the Upbit listing. Its price increased by 22% in the same 24-hour period, trading at $0.0078. Similarly, its trading volume experienced a substantial 85% surge, reaching $19.7 million. However, unlike Axelar, trading for Balance was solely paired with USDT.

This surge in activity wasn't isolated to the two listed tokens. Upbit itself witnessed a remarkable 60% increase in its 24-hour trading volume, reflecting the overall bullish sentiment. This listing coincided with broader market growth; the global cryptocurrency market cap experienced a 1.8% increase, reaching $3.5 trillion according to CoinGecko data. This suggests that the Upbit listings contributed to, and benefited from, a wider positive trend within the cryptocurrency market. Balance, focusing on improving Web3 user experience through AI, also experienced a substantial rise in its market capitalization, reaching $19.2 million.