Upbit Fuels Altcoin Frenzy: Pocket Network Surges 300% as New Listings Ignite Market

South Korea’s crypto giant Upbit just dropped a match into dry kindling—Pocket Network leads a blistering altcoin rally after surprise exchange listings.

The 24-hour effect? A textbook ’buy the rumor’ frenzy. POKT rockets past resistance levels while traders scramble for the next potential listing—because nothing screams ’sound investment strategy’ like chasing exchange-driven pumps.

Meanwhile, Bitcoin maximalists smirk as yet another altseason narrative gets overbought. Will liquidity hold? Check back after the inevitable correction.

Upbit Lists FLOCK, FORT, POKT, and LPT

According to Upbit’s official notice, the tokens will be available for trading in Bitcoin (BTC), Tether (USDT), and Korean Won (KRW) pairs. Trading will begin on May 30 at 15:00 KST with FLOCK. It will be available on the BTC and USDT markets via the Base network. 

This will be followed by FORT, which will trade against the BTC and USDT pair through the ethereum network starting at 16:00 KST. Later that day, LPT will launch trading on the KRW and USDT markets via Ethereum at 17:00 KST. 

Lastly, Upbit revealed that POKT will be listed on the KRW market through its native Pocket Network blockchain at 19:00 KST.

“Please be sure to verify the network before depositing digital assets. Deposits or withdrawals via networks other than those specified will not be supported,” Upbit stated.

Market data highlighted that the listings’ impact was immediate. Pocket Network’s POKT token saw the most dramatic increase, surging over 592% within minutes of the announcement. 

The rise also lifted its market capitalization from approximately $25 million to $97 million. While the gains have since cooled, POKT remained up an impressive 397.9% at the time of writing.

FLOCK token saw the second-largest uptick, climbing 49.3%, followed by Livepeer’s LPT, which surged 41.5%. Both saw slight pullbacks, settling at gains of 30.9% and 29.5%, respectively. 

Lastly, FORT ROSE by 26.8% initially but experienced the largest crash among the four, losing most of its gains. At press time, it was only up 2.3%.

This development follows a pattern of significant market reactions to exchange listings. BeInCrypto reported that the listing of MANTRA (OM) Access Protocol (ACS), GoChain (GO), Observer (OBSR), Quiztok (QTCON), and Rally (RLY) on Upbit last week led to a similar sharp price surges.