29.07.2025 12:10

Omni Network's native token, OMNI, experienced a dramatic price surge, climbing over 130% in a single day. This remarkable increase followed Upbit, a major South Korean cryptocurrency exchange, announcing the upcoming listing of the OMNI/KRW trading pair. Scheduled to launch at 6:30 PM KST on Tuesday, the listing will include deposit functionality shortly after the official launch.

Upbit implemented stringent trading restrictions to mitigate potential market manipulation during the initial trading period. Buy orders will be temporarily restricted for the first five minutes, while sell orders exceeding a 10% discount from the previous day's closing price will face similar limitations. To further stabilize the market, only limit orders will be permitted for the first two hours of trading. This proactive approach aims to ensure a fair and orderly market launch.

At the time of writing, OMNI trades around $6.39, boasting a market capitalization exceeding $219 million. The 24-hour trading volume has surged by approximately 150%, underscoring significant investor interest. This price jump is consistent with the typical market reaction to exchange listings, which often result in increased liquidity and broader market exposure. Some analysts even predict a potential thousandfold price increase for OMNI.

Adding to the bullish momentum, OMNI's price decisively broke through a 15-day downward parallel channel on July 27th. This technical breakout, a strong indicator of sustained directional movement, further supports the current upward trend. The confluence of the Upbit listing and this technical breakthrough creates a compelling narrative for OMNI's impressive price action. The information for this report was gathered from various internet sources.